|
|
High
Levered
Senior
Debt |
Mezzanine
and
Participatory
Debt |
Joint
Venture
Equity |
|
|
|
|
|
|
|
|
LOAN
SIZE: |
$5 to
$50
million |
$5 to
$50
million |
$5 to
$15
million |
|
|
|
|
|
|
|
|
LOAN-TO-VALUE: |
Up to
98% |
Up to
98% (90%
of
equity) |
Up to
98% (90%
of
equity) |
|
|
|
|
|
|
|
|
|
|
|
TERM: |
12-36
Months |
12-36
Months |
12-36
Months |
|
|
|
|
|
|
|
|
|
|
|
COLLATERAL: |
Senior
mortgage |
Subordinate
mortgage
or lien
on
partnership
interests |
|
|
|
|
|
|
|
|
|
RECOURSE: |
Varies.
As
applicable,
cross-collateralization,
letters
of
credit,
corporate
and
joint
and
several
personal
recourse
will be
considered. |
Varies.
As
applicable,
cross-collateralization,
letters
of
credit,
corporate
and
joint
and
several
personal
recourse
will be
considered. |
|
|
|
|
|
|
|
|
|
LOCATION: |
Growth
markets
in the
U.S. and
Canada |
Growth
markets
in the
U.S. and
Canada |
Growth
markets
in the
U.S. and
Canada |
|
|
|
|
|
|
|
|
PROPERTY
TYPES: |
Apartments |
Apartments |
Apartments |
|
Warehouses |
Warehouses |
Warehouses |
|
Office
Buildings |
Office
Buildings |
Office
Buildings |
|
Shopping
Centers |
Shopping
Centers |
Shopping
Centers |
|
Land |
Land |
Land |
|
Other
Vacant
or
Income
Producing
Properties |
Other
Vacant
or
Income
Producing
Properties |
Other
Vacant
or
Income
Producing
Properties |
|
|
|
|
|
|
|
|
|
|
|
LOAN
PURPOSE: |
Refinance |
Refinance |
Refinance |
|
Acquisition |
Acquisition |
Acquisition |
|
Recapitalization |
Recapitalization |
Recapitalization |
|
Redevelopment |
Redevelopment |
Redevelopment |
|
|
|
|
|
|
|
|
|
|
|
BORROWER: |
Special
purpose
entities
controlled
by
experienced
owners
and
operators. |
Special
purpose
entities
controlled
by
experienced
owners
and
operators. |
Special
purpose
entities
controlled
by
experienced
owners
and
operators. |
