Terms of individual loan requests are tailored to the specifics of the transaction.
| Senior Bridge | Special Situations | Ground-up Construction |
---|---|---|---|
Size | $25M - $75M | $500k - $15M | $3M - $15M |
Product Type | Senior only | Senior Bridge, Preferred & Participation | Preferred Equity Only |
Asset Type | All | All | Multifamily |
Leverage | Up to 80% LTC | Up to 90% LTC | Up to 90% LTC |
Pricing | Starts at L + 450 | Starts at L + 700 | ~14% |
Term | 3+1+1 | 3+1+1 | 3+1+1 |
Recourse | Non-recourse except standard carveouts | Non-recourse except standard carveouts | Non-recourse except standard carveouts |
Fees | 1.0% in / 0.5% out | Negotiable | 2.0% in / 2.0% out |
Location | Continental U.S.A. | Continental U.S.A. | Sunbelt states |