MID-CAP LOAN PROGRAM
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)