Structured Fixed Rate
Advantages of our Structured Fixed Rate Loans
- Innumerous structuring tools to tailor financing and optimize property performance
- Earnouts and other types of future funding available
- Flexible prepayment options
- Loan extension capability built into loan documents (no hard balloon)
- Lender is your asset manager for life of the loan
- Lender, not securitization structure, controls prepayment hence unique ability to have discussions on altered property situations
- Lower deposits and closing expenses
Product
Structured Fixed Rate
Loan Purpose
Acquisitions, refinances, cash-in recapitalizations, transitional, event-driven
Property Status
Stabilized, cashflowing transitional, specific event
Loan Amount
$5-$30 million, larger portfolio loans case by case
Term
Hybrid ARM: 20-year loan term with 5, 7 and 10 years initial fixed rate loan term followed by fixed rate reset extensions. Shorter terms available upon request.
Loan-to-Value
Up to 80% LTV
Debt Yield
Min: Multifamily 6.5%, Commercial 7.5%
Amortization
Up to 30 years
Interest Only
Partial or full-term interest only available
Prepayments
Yield maintenance; declining prepay
Hybrid ARM
Term extensions with rate reset
Recourse
Non recourse, with standard carveout provisions
Property types
Multifamily, industrial, self-storage, office, student housing, essential retail
Additional Structuring
Earnouts, future funding, interest only periods, rate or recourse burn downs plus other structuring as necessary.