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