LENDING PARAMETERS

First lien Sub-debt
Geography Nationwide Nationwide
Loan amount $5-$50MM $5-$25MM
Term 2-5 Years 2-5 Years
Eligible collateral Multifamily, Office, Hospitality, Industrial, Retail, Mixed Use. Other property types considered on a deal by deal basis. Multifamily, Office, Hospitality, Industrial, Retail, Mixed Use. Other property types considered on a deal by deal basis.
Lien position First Mortgage B-Note, Mezz, Pref Equity
LTV Up to 80% Up to 90%
Amortization Interest Only Interest Only
Interest rates Competitive 10% and up
Index LIBOR LIBOR
Org fee 1% of loan amount 1% of loan amount
Exit fee 1% of loan amount 1% of loan amount
Minimum interest 12-18 months N/A
Future funding Flexible lease-up and CapEx reserve N/A
Guarantee Non-recourse except for "bad boy"carve outs. Full recourse on a case by case basis. Up to 100% of the equity ownership interests in the related property Borrower (s) and "bad boy" carve outs.
Closing Generally 45 days or less Generally 45 days or less
Disclaimer: These lending parameters are indicative only, are subject to change without notice and do not constitute an offer to lend. Rate, LTV, points and other loan terms may be adjusted based on several factors including, but not limited to, state of property location, loan amount, documentation type, loan type, occupancy type, property type, loan to value and credit score.