Bridge Loan

Construction Loan

Permanent Loan

Bridge Loan Construction Loan Permanent Loan

Bridge Loan


Terms & Loan Specs

Lender Type                                                                       Bank, Credit Union, Private Debt, Institutional Debt Fund

Property Type                                                                    All Asset Types

Loan Size                                                                           $2MM and above
 
Rate                                                                                     Fixed and Floating Rate

Amortization                                                                     Interest Only

Term                                                                                   2-5 year + extensions

Leverage                                                                            65-75% LTV, 75-85% LTC

Origination Fee                                                                 1-2 pts. at close, 0-1 pt at exit

Prepayment                                                                      No Prepay Penalty, subject to minimum interest earned

Recourse                                                                            Non-recourse subject to standard bad-boy carve outs

Construction Loan


Terms & Loan Specs

Lender Type                                                                       Bank, Credit Union, Life Ins. Companies, Private Lenders, HUD, USDA

Property Type                                                                    All Asset Types

Loan Size                                                                           $2MM and above

Rate                                                                                     Floating Rate

Amortization                                                                     Interest Only

Term                                                                                    2-5 year + extensions

Leverage                                                                            75-89% LTC

Origination Fee                                                                 1-2 pts. at close, 0-1 pt at exit

Prepayment                                                                      Prepay Penalty, subject to minimum interest earned

Recourse                                                                            Generally 100% completion guarantee with burn down available

Terms & Loan Specs

Permanent Loan


Lender Type                                                                         Bank, Credit Union, Life Ins. Companies, CMBS, Agency

Property Type                                                                      All Asset Types

Loan Size                                                                             $2MM and above

Rate                                                                                       Fixed Rate

Amortization                                                                       Generally amortization with limited Interest Only

Term                                                                                     3-40 year

Leverage                                                                              75-80% LTV

Origination Fee                                                                   1 pts. at closing

Prepayment                                                                        Generally Defeasance or Yield Maintenance

Recourse                                                                              Generally 100% completion guarantee with burn down available


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