 |
This structure is generally used when all subordinated debt financing is prohibited or
otherwise impractical.
|
| Security: |
A structured ownership interest in the borrowing entity that is
documented in the Operating Agreement |
 |
| Loan-to-Value: |
Up to 80% (subject to exit strategy) |
|
| Loan Size: |
Starting at $2,000,000 |
|
| Interest Rate: |
Starting at 14% |
|
| Term: |
Up to 3 years or coterminous with first mortgage |
|
| Recourse: |
Flexible |
|
| Amortization: |
Flexible |
|
| Origination Fee: |
Starting at 2% |
|
| Geography: |
Nationwide (major markets) |
|
| Asset Type: |
All commercial property types considered
(no land development or primary/secondary residential homes) |
|
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