Loan Amount |
$10 to $75 million; may go higher in select cases |
Term |
5 to 10-year terms |
Loan-to-value (LTV) |
Up to 75% |
Debt Yield |
Tailored to each transaction |
Purpose |
Acquisition, Refinancing |
Loan Type |
Fixed |
Structure |
Senior Mortgage |
Pricing |
Competitive pricing tailored to each transaction |
Minimum DSCR |
1.30x (can reduce to 1.25x for certain opportunities) |
Amortization |
Up to 30 years; Partial and Full-Term IO available depending on LTV and DSCR |
Recourse |
Non-recourse except for certain standard carve outs |
Fees |
Generally at Par |
Prepayment |
Treasury defeasance after the earlier of (i) two years after a securitization or (ii) three years from the closing date. Open 90 days prior to maturity. |
Property Types / Geography |
Multifamily, Retail, Office, Industrial, Hospitality, Mobile Home Communities, and Self-Storage properties located in primary and secondary markets throughout the US |