Financing Programs At A Glance

        Commercial Real Estate

Loan Size 
($ millions)

Term
(yrs)

Amortization
(yrs)

Interest-Only Fixed Rate

1 - 100

5 - 10

IO

Ground-Up Construction with Mini-Perm

10 - 100

5

2 then 30 ¹

Hotel / Hospitality ²

5 - 100

5 - 10

25

Non-Recourse Fixed Rate

1 - 100

5 - 10

20 - 30

·         Bridge

  Short Term Fixed Rate Interest-Only Loans

1 - 25

1 - 3

IO

·         Hard-Money

Short Term Fixed Rate Interest-Only Loans

1 - 20

1 - 2

IO

·         Equity

Priority Equity Ahead of Sponsor ³

5 - 25

TBD

n/a

·         Mezzanine

(2nd Trust) Financing

2 - 20

TBD

20 - 30

Commercial Real-Estate Related Assets

·         Acquisition of Commercial Notes ⁴

15 - 50

TBD

TBD

·         Financing of Others Acquiring Commercial Notes ⁵

1 - 15

TBD

TBD

1.         Construction term is 24 months or less. Upon completion of construction, the loan may convert to a fixed-rate conventional mortgage amortized over 30 years.

2.        Only major flags or unique luxury hotels will be considered.

3.        Preferred equity may not exceed 150% of the sponsor’s equity in the transaction. All other terms and conditions are negotiated on a case-by-case basis.

4.        Commercial notes that qualify for acquisition may be performing or non-performing.

5.        Transaction may include both performing and/or non-performing notes.