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- Mezzanine Financing ($4MM+, 10% interest rate, 2% origination fee, nationwide, non-recourse on a select basis)- Preferred Equity Financing ($2MM+, 15%+ ROE per annum, , acquisition-only, 25% IRR+ "all-in", minimum 10%+ common equity requirement, opportunistic/value-add strategies, experienced operators)- Loan Sale Advisory (Assisting financial institutions on the disposition on non-performing loans secured by distressed commercial real estate properties)- Non-performing Loan Acquisitions (Assisting private investors on the acquisitions of non-performing loans secured by distressed commercial real estate properties)- Business Lines of Credit (A/R & inventory-based) (Advancing 85% of A/R and 90% of quick-liquidate value inventory)- Investment Sales (Assisting private investors on the acquisitions of core, stabilized, or value-add properties and non-performing loans and distressed commercial real estate properties)- Asset Management/Consulting Services (underwriting, due diligence, advisory, arranging third party reporting, selecting JV candidates and LP's)BRIDGE LOANSLoan Amount: $1 - $10 million; may go higher in select casesTerm: 1-3 yearsLoan-to-value (LTV): Up to 65% on “As Is” Valuation (may go to 75% in select cases)Debt Yield: N/APurpose: Acquisition / Refinancing / Note Purchase / Re-Capitalization Loan Type: Fixed rate, short-termPricing:Pricing will vary, rates will typically fall in 8.95% – 11% range depending on risk and timingMinimum DSCR: 1.10x DSCR on underwritten net cash flowRecourse: Typically non-recourse except for certain standard carve-outsOrigination Fees: 1.5% to 3.5%Prepayment: 6-month interest guarantee, no-prepayment in select casesBorrowing Entity: Bankruptcy-remote, special purpose entityProperty Types / Geography: Multifamily, Retail, Office, Industrial, Hotel, Self Storage, Mixed-Use, Fractured Condominium properties located in California. May selectively provide financing on properties in other major marketsEscrows: Generally required interest-reserve payments if there is no current cash-flowPERMANENT LOANSLoan Amount: $5 - $100 million; may go higher in select casesTerm: 5-10 yearsLoan-to-value (LTV): Up to 75% on “As Is” Valuation (may go to 80% in select cases)Debt Yield: 9.0% - 11.0% (based on underwritten cash flow and depending on property type)Purpose: Acquisition / Refinancing Loan Type:Generally fixed rate; floating rate may be considered in select cases subject to interest rate floorsPricing: Pricing will vary, rates will typically fall in 4.5% – 6.25% range depending on leverageMinimum DSCR: 1.20x DSCR on underwritten net cash flow, interest-reserves apply for zero cash-flowAmortization: 30 years or lessRecourse: Typically non-recourse except for certain standard carve-outsOrigination Fees: 1.5%Prepayment: Locked out followed by defeasance or yield maintenanceBorrowing Entity: Bankruptcy-remote, special purpose entityProperty Types / Geography: Multifamily, Retail, Office, Industrial, Hotel, Self Storage, Mixed-Use, Self Storage properties in all primary and secondary markets throughout the United States. May selectively provide financing on properties in tertiary marketsEscrows Generally required for taxes, insurance, replacement reserves, tenant improvements/leasing commissions and immediate repairs
- Mezzanine Financing ($4MM+, 10% interest rate, 2% origination fee, nationwide, non-recourse on a select basis)- Preferred Equity Financing ($2MM+, 15%+ ROE per annum, , acquisition-only, 25% IRR+ "all-in", minimum 10%+ common equity requirement, opportunistic/value-add strategies, experienced operators)- Loan Sale Advisory (Assisting financial institutions on the disposition on non-performing loans secured by distressed commercial real estate properties)- Non-performing Loan Acquisitions (Assisting private investors on the acquisitions of non-performing loans secured by distressed commercial real estate properties)- Business Lines of Credit (A/R & inventory-based) (Advancing 85% of A/R and 90% of quick-liquidate value inventory)- Investment Sales (Assisting private investors on the acquisitions of core, stabilized, or value-add properties and non-performing loans and distressed commercial real estate properties)- Asset Management/Consulting Services (underwriting, due diligence, advisory, arranging third party reporting, selecting JV candidates and LP's)BRIDGE LOANSLoan Amount: $1 - $10 million; may go higher in select casesTerm: 1-3 yearsLoan-to-value (LTV): Up to 65% on “As Is” Valuation (may go to 75% in select cases)Debt Yield: N/APurpose: Acquisition / Refinancing / Note Purchase / Re-Capitalization Loan Type: Fixed rate, short-termPricing:Pricing will vary, rates will typically fall in 8.95% – 11% range depending on risk and timingMinimum DSCR: 1.10x DSCR on underwritten net cash flowRecourse: Typically non-recourse except for certain standard carve-outsOrigination Fees: 1.5% to 3.5%Prepayment: 6-month interest guarantee, no-prepayment in select casesBorrowing Entity: Bankruptcy-remote, special purpose entityProperty Types / Geography: Multifamily, Retail, Office, Industrial, Hotel, Self Storage, Mixed-Use, Fractured Condominium properties located in California. May selectively provide financing on properties in other major marketsEscrows: Generally required interest-reserve payments if there is no current cash-flowPERMANENT LOANSLoan Amount: $5 - $100 million; may go higher in select casesTerm: 5-10 yearsLoan-to-value (LTV): Up to 75% on “As Is” Valuation (may go to 80% in select cases)Debt Yield: 9.0% - 11.0% (based on underwritten cash flow and depending on property type)Purpose: Acquisition / Refinancing Loan Type:Generally fixed rate; floating rate may be considered in select cases subject to interest rate floorsPricing: Pricing will vary, rates will typically fall in 4.5% – 6.25% range depending on leverageMinimum DSCR: 1.20x DSCR on underwritten net cash flow, interest-reserves apply for zero cash-flowAmortization: 30 years or lessRecourse: Typically non-recourse except for certain standard carve-outsOrigination Fees: 1.5%Prepayment: Locked out followed by defeasance or yield maintenanceBorrowing Entity: Bankruptcy-remote, special purpose entityProperty Types / Geography: Multifamily, Retail, Office, Industrial, Hotel, Self Storage, Mixed-Use, Self Storage properties in all primary and secondary markets throughout the United States. May selectively provide financing on properties in tertiary marketsEscrows Generally required for taxes, insurance, replacement reserves, tenant improvements/leasing commissions and immediate repairs
