MEZZANINE INVESTMENTS

Loan Amount

$5 – $150 million

Term

3- to 10-year terms

Loan-to-value (LTV)

Up to 85%

Debt Yield

Tailored to each transaction

Purpose

Acquisitions, Refinancing, Repositioning, Workouts, Recapitalization

Loan Type

Fixed or SOFR-based floating rate loans (current/accrual features where necessary)

Pricing

Competitive pricing tailored to each transaction

Amortization

Negotiable, typically Interest-Only

Recourse

Non-recourse except for certain standard carve-outs

Fees

Negotiable, generally 1% origination and 1% exit fee

Prepayment

Flexible

Property Types / Geography

Multifamily*, Retail, Office, Industrial, Hospitality and Self-Storage properties located in primary and secondary markets throughout the U.S.
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*Can provide joint venture preferred equity behind GSE mortgages