Investment Parameters

Loan Terms Table
Terms Small Preferred Equity Larger Preferred Equity Stretch Senior
Amount $1,000,000 to $5,000,000 $5,000,000 to $20,000,000 $1,000,000 to $10,000,000
Term 12 Months to 3 Years 12 Months to 3 Years 12 Months to 5 Years
Asset Types Multifamily, Student Housing, Office, Retail, Industrial, Single Family Rental, and Hotel. Will consider selected for-sale residential condominiums, manufactured housing, and development sites. Other asset classes considered on an individual basis. Multifamily, Student Housing, Office, Retail, Industrial, Single Family Rental, and Hotel. Will consider selected, for-sale, residential condominiums, manufactured housing, and development sites. Other asset classes considered on an individual basis. Multifamily, Student Housing, Office, Retail, Industrial, Single Family Rental, and Hotel. Will consider selected for-sale residential condominiums, manufactured housing. Other asset classes considered on an individual basis. Construction.
Security Priority within Ownership Priority within Ownership First Lien
Loan to Value Up to 85% Up to 85% Up to 90%
Amortization Interest Only Interest Only Interest Only
Origination Fee 2% - 4% 1% - 2% 2% - 3%
Exit Fee Deal by Deal Basis Deal by Deal Basis Deal by Deal Basis
Prepayment Minimum Interest Minimum Interest Minimum Interest
Recourse Carve-out Guarantees Carve-out Guarantees Carve-out Guarantees
Interest Rate 14%+ 10%+ 12%+