Fixed and Floating Rate CMBS Loan Programs

Loan Amount	$5,000,000 to $300,000,000+
Loan Term	5, 7, and 10 Year
Asset Types	Stabilized retail, industrial, office, hotel, multifamily, mobile home parks, self-storage and student housing
Geographic Scope	All of the U.S.
Borrowing Entity	Single purpose entity
Security	First Mortgage/Mezzanine
Loan-to-Value	Up to 75% of appraised value with total leverage up to 85%+ including mezzanine
Amortization	Typically 30-year amortization
Interest Rate	Fixed Rate; Swap based pricing
Prepayment	Defeasance or yield maintenance
Recourse	Non-recourse to Key Principals except for customary bad boy carve-outs

Loan Amount	$15,000,000 to $150,000,000+
Loan Term	Generally 2 to 3 years plus extensions
Asset Types	Stabilized or transitional retail, industrial, office, hotel, multifamily, mobile home parks, self-storage and student housing
Geographic Scope	All of the U.S.
Borrowing Entity	Single purpose entity
Security	First Mortgage/Mezzanine
Loan-to-Value	Up to 75% of appraised value with total leverage up to 85%+ including mezzanine
Amortization	Interest only
Interest Rate	SOFR based pricing with interest rate cap
Prepayment	Freely prepayable after short lockout/yield maintenance period
Recourse	Non-recourse to Key Principals except for customary bad boy carve-outs
Origination/Exit Fee	Determined on a loan-by-loan basis

Loan Amount	$5,000,000+
Debt Structures	Mezzanine Loans, B-notes and preferred equity
Asset Types	Conventional CRE asset types across the U.S.
LTV	Up to 90%
Interest Rates	Typically 9% to 12%
Term	3 to 10 years
Amortization	Typically Interest Only