Loan Size$1 million - $20 million
Loan Term6 to 24 months with option for extensions
RatesStarting at 7.5%
Loan FeesVaries depending on loan profile and term
CollateralFirst Deed of Trust
Secondary CollateralOther real estate collateral may be pledged for credit enhancement
GeographyWestern States
Property TypesApartments, Industrial, Self Storage, Mobile Home Parks, select Office & Retail
Loan to Value / Loan to CostUp to 65% LTV
Debt Service RequirementsDSCR below 1.0 will be considered
AmortizationInterest Only
PrepaymentLimited to none
RecourseNon-recourse available
Reserves & HoldbacksDebt Service, CapEx, Tenant Improvements, Leasing Commissions