Type: Line of Credit - Major U.S. Bank Trust
In-Specific: Master Line of Credit, Project-Specific LOC, or Business Expansion LOC
Purpose: Acquisition, Refinance, Ground-up Development, and/or Business Expansion
Asset Class: Anything Commercial Real Estate or Business.
Will work with C PACE.
100% LTC Loan Amount: $20MM- to over $2B (no syndication needed)
Geography: United States and Select International Locations
Rate: 6.5-8% interest only (Subject to change) As of July 2023 rate is 8.5%
Term: 60 months; optional 1-year extension at no cost within notification period
Non-recourse (standard bad boy carve-outs)
No Prepayment Penalty
If sponsor doesn't have 20% FO / TRUST can kick in 10% for an equity position .
Or, we can bring in a CoGP, LP or PE partner.
For experienced developers.
Michael Lewis Group – info@michaellewisgroup.com – Tel: 440-637-5646