HIGH LTC bridge FINANCING criteria

Property Types: Office, Industrial, Retail, Multi-Family, Land
Minimum Loan Amount: $3 Million
Loan to Cost: Up to 90%
Term: 12-36 Months
Amortization: Interest Only
Prepayment: May be paid in whole after 12 months without penalty
Security: First Mortgage on the property and a pledge of the Borrower’s ownership interest in the property
Recourse: Non-recourse available except for standard carve-outs
Pricing: 500 to 1,000 over one month LIBOR
Fees: Negotiable