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