Leverage
70% - 85%
with credit support
required at the
higher levels
Rate
SOFR + 6% to 8%
Stretch Senior
SOFR + 8% to 12%
Mezz or debt-like Pref
Amount
$20MM - $120MM
Stretch Senior
$10MM - $60MM
Mezz or debt-like Pref
Purpose
Construction
Conversion
Land
Pre-development
Rescue
Property Type
Multifamily, BTR,
SFR, Condo,
Age-Restricted,
Mixed Use, Land,
Commercial
Location
All US,
including
secondary and
tertiary locations with
strong sponsors
Term
12-36 months
with extension
options
Timeline
3 - 6 weeks
from approval,
typically limited by
the speed of
third parties