A family of funds providing borrowers short-to-medium term balance sheet capital for property acquisitions, recapitalizations, and development of institutional properties. Loans up to 75% LTV/LTC for core to value-add transitional assets with the ability to structure for vacancy and lease-up. Hands-on, flat and flexible credit committee tailoring transactions to meet the needs of complex business plans.
Our Lending Parameters
| Parameter | Terms |
|---|---|
| Loan Size | $20–$400 million |
| Loan Type | First Mortgage and Mezzanine |
| Product Types | Multifamily, office, industrial, hospitality, medical office, life science, mixed-use, select retail, and select alternative property types (e.g., student and senior housing) |
| Geography | United States |
| Loan Term | 2 to 10+ years |
| Loan to Value / Loan to Cost | Up to 75% LTV/LTC |
| DSCR Requirements | Existing DSCR’s below 1.0x are acceptable |
| Interest Rates / Coupons | Competitive market rates |
| Loan Fees | Typically 1.00% of the loan amount |
| Prepayment Flexibility | Flexible and structured for each deal |
| Recourse | Non-recourse financing |
| Amortization | Interest Only |
