First Mortgages
Single tenant office, industrial and retail properties
- Maximum loan is $6 million.
- Term of 4 years or longer, loan term co-terminus with lease or through extensions accepted.
- LTV up to 70%, strong preference for staying under 60%, LTV determined by the credit and real estate.
- Fixed rate based upon risk attributes of deal, but generally 8% to 9%.
- 1% upfront fee.
- Amortization: Negotiable.
- Geographic preference: National, but balloon risk must be supported by a verifiable market and quality asset.
Multi-tenant office, industrial, and retail properties, hospitality, and multi-family
- Maximum loan is $30 million.
- Minimum loan is $5 million.
- Term of 3 years or longer.
- LTV up to 85%.
- Fixed and floating rate pricing available.
- Minimum 1.5% upfront fee.
- Minimum 1.5% exit fee.
- Amortization: Negotiable.
- Geographic preference: Recognized markets nationally, strong preference for Mid-Atlantic, Midwest and Texas.
- Will consider development, redevelopment, value add or stabilized properties.
Mezzanine Loans / Preferred Equity
- Maximum loan is $30 million.
- Minimum loan is $3 million.
- Term of 2 years or longer.
- LTV up to 85%.
- Fixed, floating and participation pricing structures available.
- Minimum 3% upfront fee.
- Minimum 2% exit fee.
- Geographic preference: Recognized markets nationally, strong preference for Mid-Atlantic, Midwest and Texas.
- Will consider development, redevelopment, value add or stabilized properties.
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