Residential Construction Loan

Property Type: Condominium, Multifamily and SFR Development

Deal Profile : Ground Up Construction

Unit Count : Up to 100 Units per phase

LTC : 75% / ACV 65%

Loan Amounts: $1,000,000 - $20,000,000

Rates: Starting at SOFR +650

Term: Up to 24 months w/ interest reserve

Sponsor Profile : Experience 1-3 prior projects and a minimum

Markets : Nationwide primary markets & secondary markets

Commercial Bridge Loan

Property Type: Multifamily, Mixed Use, Office, Retail, and Medical

Deal Profile : Permanent Financing for purchase or refinancing

LTV : Up to 75% LTV + 100 Capex

Loan Amounts: $2,000,000 - $20,000,000

Rates: SOFR +500

Sponsor Profile : 10% Post closing liquidity. Sponsor should have experience in the market and similar sized projects.

Full Loan Stabilized LTV : 75%

Stabilized DSCR : N/A

Capex Budget : 100% costs

Exit Strategy: Sale or refinance

Markets : Nationwide primary markets & secondary markets

Property Type: Multifamily, Mixed Use, Office, Retail, and Medical

Deal Profile : Permanent Financing for purchase or refinancing

LTV : Up to 75%

Time Frame: 3-4 Week Close

Loan Amounts: $2,000,000 - $25,000,000

Rates: Starting at SOFR +300

Sponsor Profile : 10% post closing liquidity.

Stabilized DSCR : Min 1.25x on a 25 year amortization market rate basis. 1.20x on Multifamily on a 40 year amortization.

Markets : Nationwide primary markets & secondary markets