FIXED RATE MORTGAGE
Debt
$1.0 - $100+ Million
- CAPITAL SOURCES
Banks, Insurance Cos., Finance Cos., Debt Funds, CMBS, Agency - MARKETS
Nationwide (US) - USE
Acquisition or Refinance of stablized or near-stablized properties - TERM
1-20 yrs - AMORTIZATION
Up to 30 yrs - LIABILITY
Non Recourse
FLOATING RATE MORTGAGE
Debt
$5.0 - $100+ MIllion
- CAPITAL SOURCES
Banks, Insurance Cos., Finance Cos., Debt Funds, CMBS, Agency - MARKETS
Nationwide (US) - USE
Acquisition or Refinance of stablized or near-stablized properties with NOI upside in anticipation of a near-term capital event - TERM
Up to 5 Yrs - AMORTIZATION
Interest Only / Up to 30 Yrs - LIABILITY
Non Recourse
BRIDGE LOAN
Debt
$3.0 - $75.0 Million
- CAPITAL SOURCES
Finance Cos., Insurance Cos., Debt Funds - MARKETS
Nationwide (US) - USE
Opportunistic acquisition of vacant or partially-leased asset in need of Capex, TI, LC $ to acheive stabilization - TERM
3+1+1 (Typical) - AMORTIZATION
Interest Only - LIABILITY
Non Recourse
CONSTRUCTION LOAN
Debt
$3.0 - $100+ Million
- CAPITAL SOURCES
Banks, Insurance Cos., Finance Cos. Debt Funds - MARKETS
New England / Northeast - USE
New Construction - Ground up or substantial re-hab - TERM
Up to 36 months - AMORTIZATION
Interest Only - LIABILITY
Varies
Note: Terms above are a general representation and not applicable to all transactions. Actual terms will vary by transaction, property type and lender.
