Short Term Floating Rate

$5M - $20M
6-24 Month Terms
Extension Options
Interest Only
Selective Large Loans $20M+
 

No prepayment penalty LIBOR based pricing
Multiple / staged fundings Collateral enhancements
Minimal recourse requirements Anticipated conversion to permanent, long term, fixed rate

Min DSC 1.10 - 1.25

Max LTV 85 - 88%
Asset Quality: A, B
Primary markets

Apartments with renovation or rehabilitation potential

Pre-stabilized apartments
Muti-tenant industrial
Muti-tenant office
Anchored retail with renovation / repositioning

To be built properties

Hotels / specialized properties
Single tenant properties
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