Designed for larger, more complex transactions.

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Loan Amount       $10M-$100M

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Loan-to-Value      <75% Up to 100% (80% for some multifamily; debt/equity structured)          

                                                                                              

Purpose                Purchase Refi ADC Rehab    (Limited cash-out possible)

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Lien Position        1st position

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Timing (estimated)      Term Sheet: 2-5 days; Closing 4-12 weeks (project variables factored)

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Term                      1-3 yrs interest only 3,5,7,10 yr hybrid or fixed

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Interest Rates       6.00%-9.00% -- (Low rated risk)

                               9.00%-14.00%  (Higher rated risk)

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Lender Points       2-5 points

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Amortization         Up to 30 yrs or I/O

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

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Exit Fee                  None

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Extensions             Yes

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Prepayment Fee    1-5% (As a of percentage of balance)

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Processing Fee      $20k-$50k

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Min. DCSR              Varies (Based on project)

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Credit Score           No minimum score (No BK, No tax liens or federal judgments allowed)