Investment Parameters

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Structure

Loan Sizes

Leverage/Tranches

Term

General Pricing/
Rate Structure

Property Types
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Fees/ Prepayment
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Collateral Profile
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Geographies
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Amortization/Future Fundings

Recourse
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Closing Process

Senior Bridge Loans; Second Loans; Mezzanine Loans, Preferred Equity.

Senior Loans: $500K-$5MM; Subordinate Loans: $250K-3MM+

Max LTC of 70-85%; will consider higher leverage for select opportunities; 90% Max Loan to Cost;

1 to 36 months; typically 1- year initial term with one, 1-year extension options

First Loans: 7% to 10% paid current- Interest Only
Subordinate Loans: 9% to 12% paid current- Interest Only

Multifamily Preferred: SFR, office, retail, industrial, hotels, and specialty asset classes will be considered

Market fees (generally 2% for First -3% -4% For Seconds)
​Typically pre-payable without penalty after 6-24 months

Likely somewhat transitional; Experienced Borrower or Strong Real Estate; No Ground Up Construction

California Preferred; Western US; Generally "Top 20" MSAs other markets will be considered on a case-by-case basis

No amortization typically required; future fundings acceptable
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Non-recourse subject to standard non-recourse carve-out guarantees; Higher Leverage or weak Cash Flows, require possible Recourse or Reserves

5-10 Days; Highly responsive and accesible with a relatively short closing timeline; flexible on specific nuances; focused on creating a mutually beneficial structured solution at attractive economic terms.

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