| Loan Size: |
$500,000 to $25,000,000, higher on case by case. |
| Primary Collateral: |
Multi Family and Mobile Home Parks 15+ Units
Commercial Office and Retail incl Mixed Use
First Lien Notes on Real Estate as underlying collateral (Note Hypothecation)
Hospitality
Light Industrial |
| Primary Regions: |
CO FL NT TX CA AZ
Urban or Suburban Locations |
| Secondary Regions: |
Mid West Locations in Urban /Suburban locales
East Coast Locales in Urban/Suburban areas
Urban or Suburban Locations in the United States on Case by Case basis. |
| Terms: |
Typically Interest Only. Loan Terms vary from 3 Months to 2 Years. |
| Rates and Fees: |
Rates vary from 7-13% depending on Risk Profile and Market Factors.
Origination Fees vary from 1.5 to 4 points depending on Risk Profile and market Factors
Call for A Quote! |
| Max Loan To Value: |
Purchase 85%
Refinance 80%
Cash Out Refinance 80% |
| Loan Proceeds Use: |
Acquisition of Income Property
Acquisition of Notes/Mortgages on Income Property
Re-positioning of Property/Stabilization
Rehabilitation or Renovation Value Added Development
Manage up to Stabilization Fix and Flips
Debtor in Possession |
| Target Borrowers: |
The Borrowers Real Estate Onweship/Mangement Experience, Financial status, credit history, and reputation/character are key elements that are factored into our consideration, terms and loan amount. |
| Recourse: |
Personal Guarantees from Principals are typically required for max LTV. |
| Timing: |
Conditional Approval in 72 Hours, Funding in as little as 10 Business Days,
typically, two to three weeks |
| Closing Costs: |
All third party costs paid by Borrower, including but not limited to, Title, Escrow, Legal and Appraisal as applicable |
| Pre-Prepayment Restrictions: |
Typically None, but will consider on case by case basis depending on the structure of the credit facility. |
| Contingent Interest, Equity Kickers: |
Many of our programs allow for contingent interest and/or equity participation Agreements so we can offer the best possible pricing with flexible terms. |
