Forman Criteria:
Investment Size: $2MM-$50MM,
Locations: Primary and secondary markets nationwide
Property Types Up to 85% LTV: Hospitality, retail, multifamily, condominiums, industrial, office, warehouse, assisted living facilities, vacant commercial properties, resolve trouble loans, discounted note payoffs, foreclosures, debtor in possession (DIP), blanket loans and alternative assets considered on a case by case basis.
Land & Construction (Select Markets): Typically 50% - 65% LTC
Pricing: varies, depending on transaction characteristics
Term: 1-3 years, plus extension options and 5 years on a case by case basis