Leverage

70% - 95%

With credit support
required at the
higher levels

Rate

SOFR + 6% to 8%
Stretch Senior

SOFR + 10% to 13%
Mezz or debt-like Pref

Amount

$20MM - $200MM
Stretch Senior

$10MM - $100MM
Mezz or debt-like Pref

Purpose

Construction
Conversion
Land
Pre-development
Rescue

Property Type

Multifamily, BTR,
Condo, Mixed Use,
Senior, Student,
RV, MHP, Land,
Commercial

Location

All US,
including
secondary and
tertiary locations with
strong sponsors

Term

12-36 months

with extension
options

Timeline

3 - 6 weeks
from approval,
typically limited by
the speed of
third parties