Underwriting

Loan Size

$500,000 to $5,000,000 (depending on pool size):

Property Type

PERMITTED: Multifamily, Retail, Office, Industrial, Self-Storage

PROHIBITED: Hospitals, Assisted Living Facilities, Nursing Homes, Hotels, Casinos, Golf Courses, Schools, Unimproved Land, Movie Theaters, Parking Garages

Location

Loans may be originated in any of the 50 states plus the District of Columbia

Terms

5-15 Years

Amortization

Maximum 25 years

Debt Service Coverage

Min 1.25x (Target 1.50x) Office, Industrial, Retail, 1.20x (Target 1.50x) Multi-family (based on 25-year amortization) Note: Long Term Credit Tenants may justify a lower debt service coverage

Prepayment

Yield Maintenance or 1% whichever is greater