Office/Retail/Industrial/Multifamily/Student Housing/Hotel/MHP/Self-Storage and other aset classes on a case by case basis
Generally urban or suburban locations in primary, secdonary, or tertiary markets.
$2.00MM to $50MM
5 to 15 years
Market based spread over relevant duration swap or UST
10-30 years, with interest only available on a case by case basis.
Generally a minimum DSCR of 1.20x based on underwritten cashflows, and a 30 year amortization.
Up to 75%
Defeaseance or Yield Maintenance
Generally non-recourse except standard carve outs.
Reserves & Cash Management
Determined on a loan by loan basis. Generally includes funding of tax, insurance, TI/LC and replacement reserves with either active or springing cash management.