Filling the gap to long-term financing. Purchase, Rehab, Development, Note Takeovers, M&A, etc.
Property Types & Uses: 1-4 units, Mixed-use, Multifamily, Hospitality, Healthcare, Industrial, Luxury Estates, Land, etc.
Loan Amounts: $1M-$500M
Terms: 1-3 years; *no pre-pay penalty structure available
Amortization: Interest-only
Note Position: 1st; *2nd in select scenarios
Loan-to-Value: Up to 75%
Loan-to-Cost: Up to 90%
Rates: Starting at 9.75%
DSC: 0.75 - 1.25x; *interest reserve can waive debt-service-coverage calculations (in select scenarios)
Interest Reserve: ~3-12 months; *no reserve requirements available
Origination Fee: 0.25%-2.5%
Entity Type: LLC/Corp, Non-Profit, Personal
Recourse: Non-recourse, Recourse options available
Locations: USA, Caribbean, Europe, Asia & Canada
Closing time: As quick as 5 days (Hard Money), 10-21 days (Standard), 30-45 days (Niche), 45-90 days (High-Ticket/Ultra Niche)