Portfolio Fixed Rate Lending Parameters

Loan Amount $750,000 to $50,000,000
Loan Term 5, 7 and 10 Year
Asset Types Office, retail, industrial, multifamily, hotel, mobile home
parks, special use and other asset classes to be considered
on a deal-by-deal basis
Security First mortgage
Borrower Entity Single purpose entity
Loan-to-Value Up to 80% LTV
DSCR Requirement 1.20 DSCR on underwritten net cash flow
(1.35 DSCR for hotel and other special purpose assets)
Amortization Typically 30 year amortization
Interest Rate Competitive swap based pricing
Exit Fee None
Prepayment Declining Pre-Pay
Recourse Non-recourse is available to Key Principals except for
customary bad boy carve-outs

 

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