Our Programs
PROPERTY TYPES
Multifamily | MHC | Self-Storage | Office | Retail | Industrial | Hotel | Student Housing | and other asset classes on a case-by-case basisÂ
LOAN SIZE
$20MM +
$20MM +
$40MM +
$10MM +
$10MM +
LTV/CÂ
Up to 75%
Up to 75%
75% (Up to 80% for MF, 65% for hotels)
up to 80%
Up to 35% Pace LTV
DSCR/DYÂ
Min. 7.75% DY/1.20x Interest only, lower on a case-by-case basis
Varies on a case-by-case basis
Stabilized DY of 7.75% for MF; 9% for Commercial; and case-by case for other assets
Varies on a case-by-case basis
Stabilized DSCR of 1.10x; 1.25x for hospitality
TERMÂ
3 to 7 years, longer on a case-by-case basis
Up to 5 years with extension options
Up to 5 years with extensions
3+ years
Up to 30 years
AMORTIZATIONÂ
Up to 30 years, Interest Only on a case-by-case basis
Generally, Interest Only during the primary term
Interest Only
Case-by-case basis
Up to 30 years
RATESÂ
350bp to 400bp
1-Mo SOFR + 375bp +
1-Mo SOFR + 500bp +
12% + yield
7.25% to 8.25%
FEESÂ
1.0% origination fee
1.0% origination fee, with minimal exit and extension fees
1.0% origination fee, with exit and extension fees
1.0% origination fee, with exit and extension fees
1.0% origination fee
PREPAYMENTÂ
Flexible pre-payment structures
18-Mo minimum interest
18-Mo Interest
Flexible pre-payment structures
Flexible pre-payment structures
FUTURE FUNDINGÂ
Yes, including earnouts on a case-by-case basis
Yes
Yes
Yes
NAV
RECOURSEÂ
Generally, non recourse, subject to bad boy carve-outs
Generally, non-recourse, subject to bad boy carve-outs
Completion Gty, DS/ Op-Ex: True-ups and bad boy carve-outs
Generally, non recourse, subject to bad boy carve-outs
Non-recourse Completion Gty required for new construction
SERVICINGÂ
Retained by Silver Hill Capital Loan Servicing (SHC)