| Eligible Properties | Residential for-sale, commercial, mixed-use, retail, hotel and multi family |
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| Loan Term | Up to 48 months |
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| Eligible Collateral | First lien position on property and improvements |
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| Loan Amount | $1-85 million |
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| Transaction Costs | Appraisal, feasibility study, title fees, phase I and lender fees |
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| Interest Rate | Floating LIBOR + 250-500bps (depending on project type), or WSJ Prime + 1-4%. Will vary based on sponsor, LTV, property, etc. Could be less or more than what is stated |
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| Amortization | Interest only |
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| Loan To Value | Up to 80% as completed LTV or 90% LTC, depending on project type (Up to 97% LTC available with use of preferred equity or mezzanine financing) |
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| Fees | As low as 1% of total loan amount or commitment |
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| Deposits | $15-35,000 to cover third party fees and due diligence |
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| Loan Commitment | Usually within 20 business days of an executed application, receipt of related funds, requested Borrower data and third party reports. |
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| Minimum DSCR | N/A |
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| Recourse | Usually recourse, but non-recourse is available on certain property types |
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| Prepayment | Usually no prepayment penalty |
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| Entity | Mortgagor may be in the form of a corporation, a limited liability company or a limited partnership, but in any case must be organized as a Special Purpose Bankruptcy Remote entity. |
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