Loan Size | $1 million - $20 million |
Loan Term | 6 to 24 months with option for extensions |
Rates | Starting at 7.5% |
Loan Fees | Varies depending on loan profile and term |
Collateral | First Deed of Trust |
Secondary Collateral | Other real estate collateral may be pledged for credit enhancement |
Geography | Western States |
Property Types | Apartments, Industrial, Self Storage, Mobile Home Parks, select Office & Retail |
Loan to Value / Loan to Cost | Up to 65% LTV |
Debt Service Requirements | DSCR below 1.0 will be considered |
Amortization | Interest Only |
Prepayment | Limited to none |
Recourse | Non-recourse available |
Reserves & Holdbacks | Debt Service, CapEx, Tenant Improvements, Leasing Commissions |