Seeking flexible Non-Recourse financing between $10.0 – $100+ Million? This program provides up to 5 yr. floating rate debt for transitional properties, including new construction. Unlike most local banks who require personal guarantees, all loans are non-recourse.
NON-RECOURSE FLEXIBLE BALANCE SHEET PROGRAM
ID: B5502
FEATURED
$10.0 - $100+ Million
- CAPITAL SOURCE
Debt Fund - MARKETS
United States - PROPERTY TYPES
Retail, Office, Hotel, Multifamily, Industrial, Mixed-Use, Self Storage, Mobile Home Parks, Senior Housing, Medical Office - LOAN PURPOSE
Acquisition, Refinance, New Construction, Redevelopment, Recapitalization, Debt Repurchase
Core, Core-Plus & Value Add - TERM
3-5 years
12-18 month for bridge - INTEREST RATE
Floating over 1 month Libor - AMORTIZATION
Interest Only - LOAN-TO-VALUE
Up to 80% - DSCR
Flexible based upon business plan - RECOURSE
Non-Recourse (subject to standard carveouts) - PREPAYMENT
Flexible / Call Protection - OTHER
Future $ available for Capex, TI & LC, operating debt service shortfalls
Quick approval process
Lender has discretion over deployment of capital and is open to "storied" transactions - IDEAL FOR A SPONSOR...
Seeking short term financing up to 5 yrs
Who wants to avoid personal guaruntees from local banks
Who is looking for leverage up to 80%
Who has a time sensitive transaction needing quick approval
