Ground-up Development, Acquisition, Refinance, and Recapitalization Whole Loan / Mezzanine / Preferred Equity

Loan Purpose Structure Loan To Cost Loan Amount Loan Term Fees

Rate Type Pricing Amortization Future Advances

Earnouts Recourse

Prepayment Timeline Referrals

Up to 80%

$10 million - $100 million (smaller and larger loan amounts considered) Up to five years, including extensions where applicable

Deal Specific

Floating (SOFR-based)

Market competitive; currently starting at SOFR + 4.00%

Interest only during loan term

Construction advances, capital expenditures, interest and carry reserves, TI/LC reserves, and additional reserves as needed - Funded according to sponsor's business plan

Available

Non-recourse with standard carve-outs

Cost & Completion and Interest & Carry Guaranty on development loans

Minimum interest; no lockout

Typically close in 30-45 days