| Loan Amount | $3 – $75 million; may go higher in select cases |
| Term | 5-10 years |
| Loan-to-value (LTV) | Up to 75% on “As Is” |
| Debt Yield | 7.0% – 11.0% (based on underwritten cash flow) |
| Purpose | Acquisition or refinancing on stabilized assets |
| Loan Type | Fixed rate |
| Structure | Senior Mortgage |
| Pricing | Pricing will vary, rates will typically fall in 4.0% – 5.0% range depending on leverage |
| Minimum DSCR | 1.25x DSCR on underwritten net cash flow |
| Amortization | 30 years or less |
| Recourse | Typically non-recourse except for certain standard carve-outs |
| Fees | Generally at Par |
| Prepayment | Locked out followed by defeasance or yield maintenance |
| 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. |
