Leverage
70% - 90%
with credit support
required at the
higher levels
Rate
Stretch Senior
from SOFR + 7%
Mezz / Debt-Like Pref
from SOFR + 9%
Amount
Stretch Senior
$20MM - $120MM
Mezz / Debt-Like Pref
$5MM - $50MM
Purpose
Bridge,
Construction,
Conversion,
Pre-Dev, Rescue
Property Type
Multifamily, BTR,
SFR, Condo,
Mixed Use,
Land, Niche
Location
All US, including
secondary and
tertiary locations
Term
18-30 months
plus extension
options
Timeline
6 weeks from
term sheet issuance,
depending on
speed of third parties