LOAN PROGRAMS

Permanent Loan

Loan Type – Acquisition, Refinance & Refinance Cash-out
Term – 5,7,10,15 & 30 Years
Amortization – Interest Only & up to 30 years
Rate Type – Fixed Rate
Interest Rate – Competetive interest rates available; Call or E-Mail for current rate quotes
Loan to Cost – Maximum 80%
Loan to Value – Maximum 75%
Property type Retail, Office, Industrial, Multifamily, Manufactured Housing, Self-Storage, Condominiums, Land, Mixed-Use, Student Housing & Hospitality
Recourse – Non- Recourse; Limited to carve-out provisions
Standard Reserves – Taxes, Insurance, Replacement Reserves (based on Property Condition Assessment) and TI/LC (if applicable)
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Bridge Loan

Loan Type – Acquisition, Refinance & Refinance Cash-out
Term – 3 Years, Open at par month 24 with extension options for years 4 and 5
Amortization – Interest Only
Rate Type – Floating & Fixed Rate
Interest Rate – Competitive interest rates available; Call or E-Mail for current rate quotes
Loan to Cost –  80% Plus 100% of renovation costs
Loan to Value – Maximum 75%
Property type – Retail, Office, Industrial, Multifamily, Manufactured Housing, Self-Storage, Condominiums, Land, Mixed-Use, Student Housing & Hospitality
Recourse – Non- Recourse; Limited to carve-out provisions

Construction/Mini-perm Loan

Loan Type – Construction to Mini-Perm
Term – 2 Years + 3 Year option
Amortization – Interest Only
Rate Type – Floating Rate
Interest Rate – Competitive interest rates available; Call or E-Mail for current rate quotes
Loan to Cost –  Up to 85% 
Property type – Retail, Office, Industrial, Multifamily, Manufactured Housing, Self-Storage, Condominiums, Land, Mixed-Use, Student Housing & Hospitality
Standard Reserves – Taxes, Insurance, Replacement Reserves (based on Property Condition Assessment) and TI/LC (if applicable)

Mezzanine Loan

Loan Type – Acquisition, Refinance & Refinance Cash-out
Term – 1 to 10 Years
Amortization – Interest Only
Rate Type – Fixed Rate
Interest Rate – Competitive interest rates available; Call or E-Mail for current rate quotes
Loan to Cost – Maximum 85%
Loan to Value – Maximum 85%
Property type – Retail, Office, Industrial, Multifamily, Manufactured Housing, Self-Storage, Condominiums, Infill Land Parcels, Mixed-Use, Student Housing & Hospitality