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Eligible
Properties: Multifamily, student housing, senior
housing, office, industrial, retail, and hospitality.
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Loan Sizes:
$2million +
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Percentage
of Project Equity: Up to 90%
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Maximum LTV:
Up to 90%
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Term:
From 2 to 5 years; longer terms may be available.
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Return
Requirements: Internal Rate of Return (IRR) of
20%+ structured as Preferred Return and participation in
cash flow and project profit.
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Collateral:
Assignment of borrowing entity interest and, if
possible, second mortgage on the property.
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Prepayment:
Open to prepayment subject to payment of exit fees or
yield maintenance.
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Loan Fees:
Typically 1-3% of equity loan amount.
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Loan Costs:
Borrower is responsible for all due diligence and
transaction costs.
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Third Party
Reports: Varies by transaction and property type.
Generally will require same reports as Senior lender.
May also require independent market reports and surveys.
If you
require additional information, or would like to speak
to one of our commercial financing specialists, please call
us at 888.488.3807 or
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