Loan Amount | $5 to $150 million |
Term | 3-to-10-year terms |
Loan-to-value (LTV) | Up to 85% |
Debt Yield | Tailored to each transaction |
Purpose | Acquisitions, Refinancing, Repositioning, Workouts, Recapitalization |
Loan Type | Fixed or SOFR-based floating rate loans (current/accrual features where necessary) |
Structure | Mezzanine, B-Note, Participating Preferred Equity or selective LP Equity |
Pricing | Competitive pricing tailored to each transaction |
Minimum DSCR | 1.10x DSCR (may selectively go lower) Will consider debt service reserve |
Amortization | Negotiable, typically Interest-Only |
Recourse | 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, Hospitality, and Self-Storage properties located in primary and secondary markets throughout the US |
*Can provide joint venture preferred equity behind GSE Mortgages