PURPOSE:

Fixed-Rate financing on income-producing properties

GEOGRAPHY: The Continental United States

LOAN SIZE: $ 1, 000,000 to $ 20 ,000,000

PROPERTY TYPES: Multifamily, Manufactured Home Communities, Office, Industrial, R&D Flex, Retail, Self-Storage ( other asset classes considered on a case-by-case basis)

TERM: 1 to 3 years

AMORTIZATION: None; Interest-Only

INTEREST RATES: Pricing is based on transaction quality, location and leverage.

Rates are typically 7.75% – 9.75 %

PAYMENTS: Payments calculated on an interest-only basis and made via auto-debit from borrower’s account

LOAN- TO-APPRAISED – VALUE: Up to 75%

MINIMUM DSCR: 1.05x (without interest reserve)

LIABILITY: Recourse and Non-recourse offered

LOAN FEES: 2%

PREPAYMENT: Typically a minimum of 6 – 12 month ‘s interest will be charged

SECONDARY FINANCING: Not allowed

OTHER COSTS: Generally $10,000 – $15,000, plus legal

 

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