Lending Programs
Senior Debt | Subordinate Debt | |
|---|---|---|
Minimum Loan Amount | $10.0M | $5.0M |
Loan Term | 2 to 10 Years | 2 to 5 years |
LTV/LTC | Up to 75% | On a deal-by-deal basis |
DSCR/Debt Yield | No Minimum Requirements | No Minimum Requirements |
Interest Rate | Fixed and Floating Rate | Fixed and Floating Rate |
Payment Features/Amortization | Interest Only
Amortization on select 10-year fixed rate loans | Interest Only
Combination of current, accrued, and/or equity participation |
Payment | Flexible | Flexible |
Property Sectors | ||
Sponsor | ||
Recourse |
Office, retail, industrial, multifamily, and hotel. Other property sectors (i.e. RV and mobile parks, student housing, senior housing, SFR, self-storage and marinas) will be considered on a deal-by-deal basis.
Established track record and satisfactory net worth and liquidity
Non-recourse except for customary "bad boy" carveouts