Non-Recourse Small Mezzanine Program (ID:MZ3302)

Seeking a small Mezzanine Loan between $2.0 – $10.0 Million? This program is a seamless way to increase leverage over and above a traditional CMBS 1st mortgage.
NON-RECOURSE MEZZANINE PROGRAM
ID: MZ3302
FEATURED
$2.0 - $10.0 Million
  • CAPITAL SOURCE
    Mezzanine Fund
  • MARKETS
    United States
  • PROPERTY TYPES
    Retail, Office, Hotel, Multifamily, Industrial, Self Storage, Student Housing
  • LOAN PURPOSE
    Acquisition or Refinance
    Stabilized or Near Stablized Properties
  • TERM
    2-10 years
    Typically coterminous with Sr. Loan
  • INTEREST RATE
    Fixed or Floating
  • LOAN-TO-VALUE
    Up to 85%
  • LENDER FEE
    2% of Mezzanine Amount
  • RECOURSE
    Non-Recourse (subject to standard carveouts)
  • PREPAYMENT
    Yield Maintenance - open at par 60 days prior to maturity
  • OTHER
        Typically provides Mezz behind CMBS
        Structure & doucmentation acceptable to most major CMBS lenders
        Lender typically does not provide Mezz behind local bank 1st mortgages unless local lender has familiarity with Mezz

  • IDEAL FOR A SPONSOR...
      Seeking to increase leverage from 70-75% up to 85%
      Who has a smaller Mezz request than most major Mezz providers wish to consider
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617-292-7177
Ted Sidel | Chad LaBonte | Brian Walsh
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