General Parameters
Lending Area:
Eligible Properties:
Loan Amounts:
Loan Types:
Collateral:
Interest Rate:
Terms:
Debt Service Coverage:
Loan to Value:
Recourse:
Prepayment:
Due Diligence Cost:
Typical Loan Fee:
Reserves:
Nationwide
Multi-family, mixed-use, office, retail, industrial, hospitality, single tenant, special purpose, senior housing, medical office buildings, and self-storage
$1,000,000 to $20,000,000 (larger loans case-by-case)
Refinance, purchase, rehab, and turn around situations
First or second lien positions and assignment of rents
Fixed rates generally tied to treasury index
3-10 years & amortized 20-30 years
1.20x (global cashflow can be considered is property is not stabilized)
Up to 70%
Personal recourse from borrower and/or other qualified applicant
Flexible options available
To include, but not limited to, site inspection, appraisal or appraisal review, environmental study, legal, title, documents, and other due diligence
1% to 2%
TBD based on property type
*All rates and terms are subject to change and subject to underwriting and due diligence.