Mezz, Preferred, & Joint Equity

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