| LOAN SIZE: | $2,000,000 to $15,000,000. |
| PROPERTY TYPE: | Multifamily, Office, Retail, Warehouse. Other assets considered. |
| LOCATION: | Primary and Secondary markets in mainland USA. |
| LOAN TO VALUE: | Up to 75% for income producing properties with minimum 1:1.3x DSCRUp to 65% for non-stabilized assets. |
| INTEREST RATES: | 5%-7% fixed for term. |
| TERMS: | Typically 5 year renewable terms with 20-30 year amortization. |
| PRE-PAYMENT PENALTY: | None |
| RECOURSE: | Full recourse to all principals with >19% ownership. |
| APPLICATION COSTS: |
Application deposit of between $15,000 and $25,000 determined by estimated cost of third party reports, required legal deposit, other application costs and a good faith deposit. |
| TIME FRAME: | Typically 60-90 days to close from time of receipt of application deposit & signed terms sheet, subject to timely receipt from applicant of all requested documentation. |
Preferred Submission Requirements:
∙ Written description of subject property & loan request
∙ Digital color photographs & location map
∙ Current financial statement for each principal/guarantor
∙ Property management/development CV for each principal/guarantor
∙ Three-year historical property income and expense statements (if applicable)
– 12 month rolling income and expense statement
∙ Current rent roll, dated within the last three months (if applicable). Rent roll should include tenant names, square footage, lease start/end dates, reimbursements, monthly rents, and vacancies
