| Loan Amount | $10 – $75 million; may go higher in select cases |
| Term | 3+1+1 |
| Loan-to-value (LTV) | 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 high 300 bps to low 500 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. |
