Loan Amount $5,000,000 - $150,000,000
Loan Term Generally 3 to 5 years
Amortization Interest only or ﬁxed principal paydowns
Minimum DSC 1.10
Maximum LTC 80- 90%
Interest Rate Floating rate over LIBOR index or Fixed. Rates vary based on risk profile, business plan, sponsorship, and other terms.
Eligible Property Nationally located apartments, office, retail, hospitality and industrial. No land development or special use projects.
Eligible Borrower Single-asset entity
Sponsorship Good overall credit with sufﬁcient liquidity and demonstrated experience completing similar transactions
Security Pledge of ownership interests secured by UCC or preferred equity position. Additional credit enhancement (recourse, other collateral, letter of credit or other guarantees) to be determined.
Required Reports Appraisal, Property Condition Assessment and Phase I
Prepayment Generally permitted
Uses: Acquisition, bridge, lease-up, repositioning, ground-up development, refinancing, recapitalization, purchase of existing debt
Copyright 2018 Capital Palm Partners, Inc. All rights reserved.
Capital Palm Partners, Inc.
8546 Palm Parkway, Ste 240, Orlando, FL 32836
T:) 407-278-1466 | Email: email@example.com