LARGE-CAP LOAN PROGRAM

Designed for large scale projects, including resort development, etc.

 

 

Loan Amount          $100M-$750M

Loan-to-Value        <75% Up to 100% (Conduit only CE/Bond/Securities structure only)

Purpose                   Purchase Refi ADC Rehab Infractructure, etc.

Lien Position           1st position

Timing (est)             Term Sheet: 7-10 days; Closing:3-6 mos  (project variables factored)

Term                        3-5 yrs interest only 7,10,15 yr hybrid or fixed

Location                   US & select international

Interest Rates         4.00%-7.00% -- (Conduit; CE; Bond/Securities 

                                 7.00%-14.00% -- ( Hard money; Private)

Lender Points         2-5 points – 10-12 points  (Debt structure; Securitizations 80-100% LTV)

Amortization           Up to 30 yrs or I/O

Recourse                 Non-Recourse (Subject to standard “bad-boy carve-outs)

Exit Fee                   Varies

Extensions              Yes

Extension Fee         Varies

Prepayment Fee     Varies (Yield maintenance)

Processing Fees     $50k+

Min. DCSR                None

Credit Score            N/A