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
