PRODUCTS & SERVICES

FROM SHORT-TERM
TO LONG-TERM
SOLUTIONS.

ACROSS ALL LOAN STRUCTURES.

We’re there with a diverse range of financing products and services.

FROM SHORT-TERM
TO LONG-TERM
SOLUTIONS.

ACROSS ALL LOAN STRUCTURES.

We’re there with a diverse range of financing products and services.

OVERVIEW

BRIDGE & EVENT DRIVEN LENDING

We specialize in shorter-term bridge and event-driven lending for borrowers pursuing ground-up construction, acquisitions, repositionings, recapitalizations, or the restructuring of partnerships.

Through our lending strategy, we originate senior and mezzanine loans and preferred equity commercial real estate investments. All of our bridge and event-driven loans are fixed-rate and do not employ any leverage.

OVERVIEW

BRIDGE & EVENT DRIVEN LENDING

We specialize in shorter-term bridge and event-driven lending for borrowers pursuing ground-up construction, acquisitions, repositionings, recapitalizations, or the restructuring of partnerships.

Through our lending strategy, we originate senior and mezzanine loans and preferred equity commercial real estate investments. All of our bridge and event-driven loans are fixed-rate and do not employ any leverage.

DIRECT ORIGINATION
Initiated through relationships with intermediaries and borrowers nationwide.
HANDS-ON DILIGENCE & UNDERWRITING
Focused on understanding the borrower’s business plan and providing accretive capital to borrowers.
BESPOKE STRUCTURING PROCESS
Loan structuring and risk management tailored to borrowers’ needs.
SERVICE BORROWER RELATIONSHIPS
Efficient and responsive servicing at each stage of the process.
CONTINUOUS HIGH-TOUCH ATTENTION
Vigilant communication and monitoring of bridge and event-driven loans.

SENIOR INVESTMENTS

SUBORDINATE INVESTMENTS

STRUCTURE

Senior Secured Loans

Mezzanine Debt & Preferred Equity

LOAN TO COST

75% - 85%

75% - 85%

LOAN TERM

1 – 5 years

1 – 5 years

LOAN SIZE

Minimum $15 million

Minimum $10 million

INTEREST RATE

Fixed (starting at 8.5%)

Fixed (starting at 12%)

GUARANTEES

Non-recourse with standard "bad-boy" carve-outs and completion guarantee

LOCATIONS

Primary, secondary, and tertiary MSAs within the United States

PROPERTY TYPES

All assett classes, including but not limited to, multifamily, retail, office, mixed-use, for-sale residential, hospitality, and industrial

OVERVIEW

STABLE CASH FLOW LENDING

Our long-term fixed-rate lending program mirrors the lender service package of traditional portfolio lenders, while delivering terms on par with capital markets lenders. It is a new and superior alternative to the service structure of CMBS conduit lenders.

OVERVIEW

STABLE CASH FLOW LENDING

Our long-term fixed-rate lending program mirrors the lender service package of traditional portfolio lenders, while delivering terms on par with capital markets lenders. It is a new and superior alternative to the service structure of CMBS conduit lenders.

CUSTOMER OUTCOME FOCUSED
Build and maintain long-term relationships with borrowers and intermediaries.
RELATIONSHIP LENDING

Loans originated and held on balance sheet throughout the life of a loan.

INTERNAL DECISION MAKING

All material credit, post-closing and servicing decisions made internally.

RETAINED SERVICING

Flexibility to respond to the borrower’s needs for lease assumptions, reciprocal easements, loan assumptions, and more.

INCENTIVE ALIGNMENT

Profit model based on maintaining stable credit performance.

BIGGER CREDIT BOX

Creative use of capital provides vast optionality to borrowers with stabilized properties.

MATCHED-TERM FINANCING

Issuance of “perfectly” matched secured liabilities to provide competitive proceeds and pricing to our borrowers.

SENIOR LOANS

LOAN STRUCTURE

Senior Secured Loans

LOAN TO VALUE

Up to 75%

LOAN TERM

Primarily 10 years

LOAN SIZE

Minimum $3 million

INTEREST RATE

Fixed Rate (spread pricing over appropriate Swap Yield or Treasury Yield)

AMORIZATION

30-year schedule (interest-only available on a case-by-case basis)

MINIMUM DSCR

1.25x (1.20x for multifamily or high-grade assets)

MINIMUM DEBT YIELD

8% (7.5% for multifamily or high-grade assets)

ORIGINATION FEE

Par/None

RESERVES

Typical reserves for capital markets loans (Tax, Insurance, TI/LC, Capex)

PREPAYMENT

Defeasance or Yield Maintenance

GUARANTEES

Non-recourse with standard “bad-boy” carve-outs

LOCKBOX & CASH MANAGEMENT

Springing or In-place (case-by-case)

MEZZANINE FINANCING

Permitted on a case-by-case basis

EARLY RATE LOCK

Available on a case by case basis subject to a deposit and rate lock agreement

LOCATIONS

Primary, secondary, and tertiary MSAs within the United States

PROPERTY TYPES

Office, industrial, multifamily, hospitality, storage, retail, MHC & senior housing