$40 million. The basic program parameters are as follows:
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Loan Size: Structure: Advance Rate: Term: Pricing: Location: Property Types:
Borrower: |
$4MM to $40MM Senior mortgage Maximum Loan-to-Value of 85-90% 2-5 years, typically 3 years or less Competitive floating rates and fees adjusted for risk and leverage. Yields achieved through a combination of current pay, front and back-end fees and participation interests. Nationwide Multifamily, office, retail, industrial, medical office, full service hotels, specialty properties Special purpose entities controlled by experienced owners and operators of commercial properties Call protection of 18-24 months Standard non-recourse carve outs |
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