Typical Loan Terms:

Loan Amount

$5 to $50MM per transaction

Rate

L + 6 to 12%; kickers when appropriate

Fees

1% origination and 1% exit

Term

1 to 3 years, with extension options

LTV/LTC

70% to 80/85%

Purpose

Acquisition, Bridge, Construction, Pre-development, Refinance

Property Types

Multi, Condo, Office, Hotel, Industrial, Retail, Storage, Student, Senior, etc.

Geography

US, including secondary locations, depending on collateral

Borrowers

Track record in asset type, financials to support project

Guarantees

Depend on transaction