Loan Amounts: $20 - $750 million
Loan Term: 2 – 6 years
Recourse: Typically, most deals are recourse deals.
Prepayment: Loans generally may be prepaid at any time after 3 years without penalty. Prepayment penalties may be required for shorter terms.
Loan to Value: Loan amounts can be up to 75% of the Bank’s approved appraised value. In special circumstances, we will do stretch transactions up to 85%.
Loan Rates: Rates are customized per transaction based on risk and underwriting factors.
Origination Fee: Typically one percent
Commitment Fee: Typically one percent
Loan Collateral: Real estate assets. We specialize in land and other commercial property types (e.g., hotels and special purpose properties). We also provide “bridge loans” on traditional multi-family, retail and office properties that need to be turned around before they can qualify for conventional loan underwriting.
Quick Response: We have in-house staff for most preliminary market, engineering, and legal reviews, allowing us to quickly quote specific loan terms based on information provided in the loan request.
One-Stop Shopping: We originate loans for our own portfolio so the borrower saves time and money dealing with one lender and one set of due diligence and closing personnel.
Loan Flexibility: We will strive to tailor a loan structure to fit your deal, unlike so many other institutions that require your deal to fit their structure.
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