ELIGIBLE PROPERTIES:

Flagged hospitality properties in major markets with stabilized income and expenses.

LOAN SIZES:

$5million+

LOAN TERMS:

5, 7, and 10 -year terms and terms.

PRICING:

Rate based on spread over comparable-term Treasuries or swap curve.  Spread based on property quality and coverage ratios.

MAXIMUM AMORTIZATION:

25 Years

MINIMUM DSCR:

1.4x

MAXIMUM LTV:

65%

RECOURSE:

Full

PREPAYMENT:

Yield Maintenance, Defeasance and Graduated Prepayment Premium options available.

INTEREST RATES:

Fixed and variable rates are available.

ORIGINATION FEES:

From 0%

THIRD PARTY REPORTS:

MAI Appraisal, Phase I, Property Condition Report and Seismic (as applicable).

ASSUMPTION:

Typically assumable subject to review and approval of the new borrower’s financial position.