Acquisition or Refi and Renovate 80% LTC or LTV 10 Year loan 30 Year Amortization Non Recourse No Prepayment Penalty 4.5% to 6.5% Interest Rate
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Ground Up Construction From $5mm+++ Non Recourse 80% LTC 5.0% to 6.5% IO credit facility Up to 3 years No Pre Pay20% Equity Can Include Cash In To Date or Equity in Land or Asset if Owned
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JV Financing Typically up to $500 million but have capacity to fund much larger 70% Senior Debt 3 Month LIBOR + 300 BPS, adjusting quarterly 10-20% Equity (includes cash in to date or Equity in the Land or Asset if Owned already) Remaining in a Mezz at 8%