Loans & Commercial Loans

  1. Long Term Fixed/Variable Rate
    • Bank Loan
    • CMBS
    • Life Company
  2. Bridge/Private
  3. Hard Money
  4. CML Fund

Aquisition / Development

Equity Fund

Legal / Accounting

LOAN TERMS

Fixed Rate Floating Rate Bank Loan Private/Bridge
Loan Amount $5,000,000 ~ 250,000,000 $10,000,000 ~ 100,000,000 up to $100,000,000 up to $100,000,000
Loan Term 5, 7, 10 Years Generally 2 ~ 5 years up to 10 years Generally 1~5 years
Asset Types Office, Retail, Industrial, Multifamily, Hotel Office, Retail, Industrial, Multifamily, Hotel Office, Retail, Industrial, Multifamily, Hotel, Construction Office, Retail, Industrial, Multifamily, Hotel, Construction
Security First Mortgage & Mezzanine First Mortgage First Mortgage First Mortgage & Mezzanine
Borrower Entity Single Purpose Entity Single Purpose Entity Holding Entity Single Purpose Entity
Loan to Value (LTV) Up to 75%, Higher Leverage mezzanine considered Up to 80% LTV/LTC Up to 75% LTV Up to 75% LTV/80% LTC
DSCR 1.25 x on All properties Case by case basis 1.25 on All properties None
Amortization Typically 30 Years Interest Only 25, 30 years Interest Only
Interest Rate Competitive Swap Based Pricing Competitive Libor based Pricing Competitive Libor based Pricing Prime, Libor based Pricing Varies
Origination Fee Generally 1% Generally 1~2% Generally 1% Generally 1%
Exit Fee None Generally 1% None None to 1%
TI/LC, CapEx, other Reserve Ongoing Reserve Required Ongoing Reserve Required Case by case basis Case by case basis
Underwriting Fee/Expense Deposit Generally $7,500 Generally $7,500 Generally $7,500 Generally None
Prepayment Defeasance or Yield Maintenance No Penalty after lockout/Yield Maintenance Step down penalty/Yield Maintenance No Penalty or Yield Maintenance
Recourse Non-Recourse w/ Bad Boy Carve-out Non-Recourse w/ Bad Boy Carve-out Recourse/Non-Recourse Recourse/Non-Recourse

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