Investment Size

$1,500,000 to $5,000,000+ 

Position

Preferred Equity

Geography

Nationwide with a preference for top 100 MSA's

Interest Rate

Starting at 12%, interest-only (flexible current and accrued structures available)

Participation/Kicker

TBD

Interest Reserve

Required on a case-by-case basis

Fees

Minimum 2% origination fee and 2% exit fee and extension fees

Minimum DSCR

Minimum 1.10x DSCR

LTC

Up to 80%

Term

12 months to 36 months, plus extension options

Recourse

TBD

Prepayment

Flexible options subject to minimum interest/multiple

Closing

30 day closings available

Key Features

Major product types with a focus on multifamily and medical office. 

Minimum 10% sponsor equity.