Generally for transitional properties that require execution of a strategic business plan in order to reposition the asset for sale or a traditional refinance.
Structure: Mortgage and/or Mezzanine Debt
Leverage: Up to 85% of LTV
Term: 1 to 5 Years
Pricing: 6% to 8%; fixed or floating-rate structures available
Loan Size: Minimum of $10 Million and no maximum
Asset Type: Multifamily, Office, Retail, Industrial & Hospitality