Preferred Equity & Joint Venture
Providing Mezzanine Debt from $2million up to $20million per project
- 5.0% establishment fee, can be reduced for larger loans, this is paid as:
- $10,000 on application, which covers the credit committee preparation and review;
- $15,000 upon acceptance of the formal finance offer, which covers loan documentation costs;
- Balance paid from the loan settlement.
- In most cases the mortgage security will be limited to the subject property, this means we don’t tie up all of your assets
- In most cases we won’t require additional pre-sales above what the senior lender has dictated they require
- Streamlined credit process, most loans we have issued a term sheet within 1-3 days, then once we have the credit submission complete our credit committee typically takes 1-3 days
- Funds are available, quick settlement can occur, if all required documents can be provided