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