Programs | Hotel | Multifamily | Senior Housing | Student Housing | Retail | Office | Industrial | Self-Storage |
---|---|---|---|---|---|---|---|---|
Amount | $1 Million Minimum | $1 Million Minimum | $1 Million Minimum | $1 Million Minimum | $1 Million Minimum | $1 Million Minimum | $1 Million Minimum | $1 Million Minimum |
Rate | Fixed 6% to 6.5% | Fixed 6% to 6.5% | Fixed 6% to 6.5% | Fixed 6% to 6.5% | Fixed 6% to 6.5% | Fixed 6% to 6.5% | Fixed 6% to 6.5% | Fixed 6% to 6.5% |
Amortization | 20 to 30 years | 20 to 30 years | 20 to 30 years | 20 to 30 years | 20 to 30 years | 20 to 30 years | 20 to 30 years | 20 to 30 years |
Purpose | New Construction, Recapitalization, PIP/Renovation Financing, and Gap Financing |
New Construction, Recapitalization, Value-add | New Construction, Recapitalization, Value-add | New Construction, Recapitalization, Value-add | New Construction, Recapitalization, Value-add | New Construction, Recapitalization, Value-add | New Construction, Recapitalization, Value-add | New Construction, Recapitalization, Value-add |
Loan To Value | Up to 25% STABILIZED LTV | Up to 25% STABILIZED LTV | Up to 25% STABILIZED LTV | Up to 25% STABILIZED LTV | Up to 25% STABILIZED LTV | Up to 25% STABILIZED LTV | Up to 25% STABILIZED LTV | Up to 25% STABILIZED LTV |
Loan To Cost | Up to 30% LTC | Up to 30% LTC | Up to 30% LTC | Up to 30% LTC | Up to 30% LTC | Up to 30% LTC | Up to 30% LTC | Up to 30% LTC |
Loan Term | 20 to 30 years | 20 to 30 years | 20 to 30 years | 20 to 30 years | 20 to 30 years | 20 to 30 years | 20 to 30 years | 20 to 30 years |
Loan Fee | 2% | 2% | 2% | 2% | 2% | 2% | 2% | 2% |
Guarantees | Non-recourse with exception of carve outs | Non-recourse with exception of carve outs | Non-recourse with exception of carve outs | Non-recourse with exception of carve outs | Non-recourse with exception of carve outs | Non-recourse with exception of carve outs | Non-recourse with exception of carve outs | Non-recourse with exception of carve outs |