Alternative Real Estate Lending

Loan Amount

• Senior Mortgage: $50 million – $500+ million
• Mezzanine/Preferred Equity: $20 million – $200+ million

Loan Term

• 2-7 years including extensions

Property Types

• Multifamily, Student housing, Seniors housing, Medical office, Storage, Select Industrial

Loan Purpose

• Construction, value add, bridge, stabilized, and term loans

Loan Types

• Senior Mortgage, Mezzanine and Preferred Equity (including Preferred Equity behind Agency loans), and Note Purchase

Markets

• High value and growth markets across the US

LTC/LTV

• 60% – 80%

Recourse

• Non-recourse with standard carveouts
• Completion and carry guaranty required for construction loans

Pricing

• Senior Mortgage: SOFR + 2.75% – 5.50% (fixed rate may be available)
• Mezzanine/Preferred Equity: 12%+ coupon (fixed or floating) with flexible payment structures

Origination Fee

• 1.0%

Exit Fee

• 0% – 0.50%

Prepayment

• 12 – 24 months of minimum interest

Amortization

• Interest only

Terms and fees are general/indicative and may vary