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 | MINIMUM LOAN:
$2,500,000 |
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| LOAN TERM:
12 to 36 Months - Extension options available. |
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| AMORTIZATION:
Interest only or fixed principal paydowns. |
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| MINIMUM DSCR:
1.10x. |
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| MAXIMUM LTV:
90%. |
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| . |
| INTEREST RATE:
Floating rate over LIBOR index. Spread varies
based on risk and terms. |
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| ELIGIBLE PROPERTY TYPES:
Apartments, Office, Retail, Hospitality,
Industrial. No land development or special use projects. |
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| ELIGIBLE BORROWER:
Single Asset Entity. |
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| SPONSORSHIP:
Good overall credit with sufficient liquidity and
demonstrated experience completing similar projects. |
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.
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| SECURITY: Real
estate, pledge of partnership secured by UCC or preferred equity
position. Additional credit enhancement (recourse, other
collateral, letter of credit or other guarantees) to be
determined. |
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.
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| REQUIRED REPORTS:
Narrative MAI Appraisal, Property Conditions
Assessment and Phase I. Other if applicable. |
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| CLOSING COSTS:
Deposit required for third party reports, processing
costs, title and legal.
Travel and other standard costs if an when applicable. |
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| . |
| ORIGINATION FEE: Minimum
3%. (In Addition to Closing Costs). Exit fees and/or participating
interests to be determined. |
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| GOOD FAITH
DEPOSIT: Case by Case Basis. |
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| Above terms and conditions are subject to
change at any time without prior notice. Other terms and conditions apply.
If you have any questions, please don't hesitate to
contact us. Thank you. |
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| TO APPLY ONLINE
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HERE | BACK TO CONDUIT HOME
PAGE - CLICK HERE |
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