Leverage
70% - 90%+
Credit support required
at higher leverage
Rate
SOFR + 4% to 6%
Stretch Senior
SOFR + 9% to 11%
Mezz or debt-like Pref
Amount
$20MM - $200MM
Stretch Senior
$10MM - $100MM
Mezz or debt-like Pref
Purpose
Construction,
Conversion, Completion,
Land, Pre-development,
Bridge, Lease-up
Property Type
Multifamily, BTR, Condo,
Mixed Use, RV, MHP,
Land, Commercial
Location
All US,
including secondary and
tertiary markets
with strong sponsors
Term
6 - 36 months
plus extension options
Recourse
Yes / Partial / No,
depending upon leverage