Key
Features
• Tailored to Maximize Leverage
• Intercreditor Agreement with First Mortgagee
•
Competitive Pricing |
|
| Underwriting Criteria |
 |
| |
|
|
| Loan
Size: |
|
$1
million and greater in conjunction with first mortgage loan
request |
|
|
|
| Product
Type: |
|
Multifamily
Office: Multi-tenant
Retail: Anchored and Unanchored
Industrial: Warehouse, Flex-space and Self-storage
Mobile Home Parks |
| |
| Loan
Term: |
|
1-
to 5-year maturities; 10-year possible |
| |
| Amortization: |
|
Either
interest-only or amortization reserve |
| |
| Maximum
Loan-To-Value: |
|
To
90%, depending upon overall debt structure |
| |
| Collateral:
|
|
Stock
ownership in Borrowing Entity |
| |
| Reserves: |
|
Structural
(all property types); tenant improvements/leasing commissions
(office, retail, and industrial) |
| |
| Recourse: |
|
Non-recourse
to the borrower, except for standard industry carveouts |
| |
