Lending Programs
General Program Guidelines
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 |