| Loan Amount | $15 to $75 million; may go higher in select cases |
| Term | 3-year term with two (2) x 1-year extension options |
| Loan-to-value (LTV) | Up to 70% for stabilized commercial and hotel Up to 75% for stabilized multifamily |
| Debt Yield | Tailored to each transaction |
| Purpose | Acquisition, Refinancing, Repositioning, Workout, Recapitalization |
| Loan Type | SOFR-based floating rate loans |
| Structure | Mezzanine, B-Note, Participating Preferred Equity or selective LP Equity |
| Pricing | Competitive pricing tailored to each transaction |
| Minimum DSCR | 1.20x DSCR (may selectively go lower) Will consider debt service reserve |
| Amortization | Interest-Only |
| Recourse | Non-recourse except for standard carve-outs |
| Fees | Negotiable, generally 1% origination and 1% exit fee |
| Prepayment | Flexible |
| Property Types / Geography | Multifamily, Retail, Office, Industrial, Hospitality, Mobile Home Parks and Self-Storage properties located in primary and secondary markets throughout the US |
