MID-CAP LOAN PROGRAM

Designed for larger, more complex transactions.

Loan Amount       $10M-$100M

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

                                                                                              

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

Lien Position        1st position

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

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

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

                               9.00%-14.00%  (Higher rated risk)

Lender Points       2-5 points

Amortization         Up to 30 yrs or I/O

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

Exit Fee                  None

Extensions             Yes

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

Processing Fee      $20k-$50k

Min. DCSR              Varies (Based on project)

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