Typical Loans
- Loan amounts from $1 million to $50 million.
- Negotiated recourse financing, with no prepayment restrictions or prepayment penalties.
- Single-asset borrowing entities that are bankruptcy-remote.
- Terms of six months to four years, at rates of 9% to 17%.
- Loan fees at 2% to 5% of the loan amount.
- Loan-to-value ratios of up to 80%.
- Borrowers are responsible for all legal and closing costs.
- Collateral consisting of a first or second mortgage or assignment of equity general partner interest, or secured notes.