

Lending Program
Loan
Origination
Target Size
Minimum $40m – $125m
Property Types
Multifamily, Industrial, Self Storage, Hospitality, Life Science, Medical Office, Student Housing with select Retail and Office
Geography
Nationwide
Term
Up to 5 years, including extensions
Maximum Loan-to-Value
Up to 80% loan-to-value (decreasing based on property type)
Minimum Note Rate
SOFR-based rate +275 (minimum increasing based on property type); interest only, with amortization during extension periods
Prepayment
Allowed at any time; subject to minimum interest
Lender Fees
1.0% origination fee; 0 – 0.5% exit fee; 0.25% – 1.0% extension fee
Extension Tests
Debt yield and loan-to-value tests
Structural Considerations
Upfront reserves; future funding for leasing and capital costs; earnouts on a case-by-case basis; release flexibility