Parameters

Parameters

Loan Amounts:
$2,000,000 – $75,000,000

Interest Rates:
Average between 7% – 10%
(Rates vary depending upon collateral/loan structure)

Terms:
6 Month – 36 Months

Origination Fees:
1 – 2%

Loan to Value:
Below 65% of stressed value

Security:
First Mortgage

Property Types:
All Considered except special use and unentitled land

Locations:
Primarily Northeast USA with a core focus on the NYC metro area

Prepayment:
Negotiable

Amortization:
Interest Only

Recourse:
Limited guaranties typically required

Borrower:
Single Purpose Entity Ownership Structure Typically Required

Closing:
Typically 2 – 4 weeks