Our Programs
PROPERTY TYPES
Multifamily | MHC | Self-Storage | Office | Retail | Industrial | Hotel | Student Housing | and other asset classes on a case-by-case basis
LOAN SIZE
$20MM +
$20MM +
$40MM +
$10MM +
$10MM +
$50MM +
LTV/C
Up to 75%
Up to 75%
75% (Up to 80% for MF, 65% for hotels)
up to 80%
Up to 35% Pace LTV
Up to 85% (case-by-case)
DSCR/DY
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
Varies on a case-by-case basis
TERM
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
Up to 5 Years, longer on a case-by-case basis
AMORTIZATION
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
Varies on a case-by-case basis
RATES
350bp to 400bp
1-Mo SOFR + 375bp +
1-Mo SOFR + 500bp +
12% + yield
7.25% to 8.25%
Varies on a case-by-case basis
FEES
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
1% – 2% origination fee
PREPAYMENT
Flexible pre-payment structures
18-Mo minimum interest
18-Mo Interest
Flexible pre-payment structures
Flexible pre-payment structures
MOIC varies on a case-by-case basis
FUTURE FUNDING
Yes, including earnouts on a case-by-case basis
Yes
Yes
Yes
NAP
Yes
RECOURSE
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
Varies on a case-by-case basis
SERVICING
Retained by Silver Hill Capital Loan Servicing (SHC)