Lending Parameters

Geography
New York, New Jersey and Florida
Property Type
Multifamily, Mixed-Use, Retail, Office, Self-Storage, MHC
Business Plan
Stabilized, Transitional (Value-Add), Construction
Loan Amount
$5.0M - $15.0M
Loan to Cost (max)
85.0%
Loan to Value (max)
75.0%
Interest Rate
Floating Rate (SOFR-based)
Loan Term
1 - 3 Years
Prepayment
Flexible (no lockout)
Security
First mortgage loan & mezzanine
Reserves for Leasing, Capex, etc.
Determined on case by case basis
Borrower Entity
Single Purpose Entity