CONSTRUCTION

Loan Type:  1st position mortgage

Asset Class:  Multifamily, Mixed-Use, Condo, SFR Portfolio, Self-Storage, Industrial, Student Housing, Retail

Markets:  NYC, Boston, LA, South Florida and Top 25 MSAs

Loan Size:  $15 million +

Rate:  Starting at SOFR + 500

Leverage:  Up to 80% LTC

Term:  1-3 years plus extension options

Points:  Deal-specific

Prepayment:  Deal-specific

Recourse:  Non-recourse with customary carveouts, completion and carry guarantees

BRIDGE LOANS

Loan Type:  1st position mortgage, mezzanine

Asset Class/Situations:  Transitional business plans, rescue capital, value-add, acquisitions, and bridge-to-sale for: Multifamily, Mixed-Use, Condo, Workforce Housing, Senior Care, SFR Portfolio, Self-Storage, Industrial, Student Housing, Land, Retail

Markets:  NYC, Boston, LA, South Florida and Top 25 MSAs

Loan Size:  $5 million +

Rate:  Starting at SOFR + 350

Leverage:  Up to 80% LTV

Term:  1-2 years plus extension options

Points:  Deal-specific

Prepayment:  Deal-specific

Recourse:  Deal-specific

PREFERRED EQUITY

Structures:  Current pay, accrual, profit participation and hybrids

Asset Class/Situations:  Transitional business plans, rescue capital, value-add, acquisitions, bridge-to-sale for: Multifamily, Mixed-Use, Condo, Workforce Housing, Senior Care, SFR, Self-Storage, Industrial, Student Housing, Retail

Markets:  NYC, Boston, LA, South Florida and Top 25 MSAs

Loan Size:  $2 million +

Rate:  13% +

Leverage:  Up to 85% LTV

Term:  1-3 years plus extension options

Points:  Deal-specific

Prepayment:  Deal-specific

Recourse:  Deal-specific