Loan Amount | $5 – $35 million |
Term | 2 – 10 years depending on transaction specifics |
Loan-to-value (LTR) | Up to 85% |
Debt Yield | Tailored to each transaction |
Purpose | Acquisitions, refinancing, repositioning, workouts, recapitalization on stable and transitional assets |
Loan Type | Fixed or LIBOR-based floating rate loans (low coupon with IRR lookback for transitional/value-add deals) |
Structure | Mezzanine, B note, preferred equity or selectively 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, interest only available |
Recourse | Typically non-recourse except for certain standard carve-outs |
Fees | Negotiable origination and exit fees |
Prepayment | Flexible |
Property Types / Geography | Multifamily*, Retail, Office, and Industrial properties (may selectively include hospitality properties located in major markets). National – primary and secondary markets preferred |