| 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 |
