We focus on high-quality real estate in strong primary and secondary markets
Property Types
Multifamily, retail, and industrial
Loan Amount
$500,000 - $5,000,000
Loan Purpose
Acquisition, refinance, conversion, rehabilitation, situational, stabilization
Markets
Primarily Western, Southern, and Northeastern markets
Interest Rate
Starting at 9.99% fixed rate (interest only)
Sizing:
Cash Flowing Properties
Min DSCR of 1.00x (with reserves) & up to 75% LTV based on stabilized value
Sizing:
Non-Cash Flowing Properties
Up to 75% LTV based on stabilized value / Up to 90% LTC based on transaction underwriting
Loan Term
Up to 2 years fully extended
Extensions
6 - 12 month options subject to market rate extension fees
Origination Fees
Typically 1 - 2 points to lender
Lien Position
Senior
Recourse
Case by case
Prepayment Penalties
None
TI / LC and Future Advances
Future funding toward tenant improvements, leasing commissions, rehabilitation and conversion costs available
