Bridge Loan Program

Loan Amount $5 – $75 million;
may go higher in select cases
Term 3+1+1
Loan-to-value (LTR) Up to 85%
Debt Yield Tailored to each transaction
Purpose Acquisition or refinancing on primarily transitional assets
Loan Type LIBOR-based floating rate
Structure Senior Mortgage
Pricing Pricing tailored to each transaction, spreads generally range from 450 bps to 650 bps
Minimum DSCR 1.20x DSCR (may selectively go lower)
Will consider debt service reserve
Amortization Negotiable, interest only available
Recourse Typically non-recourse except for certain standard carve-outs
Fees Negotiable, generally 1% origination and 1% exit fee
Prepayment Flexible
Property Types / Geography Multifamily, Retail, Office, Industrial, Self-Storage, Mobile Home Parks, and Hospitality properties located in primary and secondary markets throughout the U.S.