Property type:

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• Residential: Multifamily, Student Housing, SFR, and For-Sale Housing

• Healthcare: Nursing Homes, Assisted Living, Continuous Care, and Senior Living Facilities

• Industrial: Warehouse Distribution Facilities, Cold Storage, Build-To-Suit Basis

• Other: Self-Storage, Office, Retail, and Hospitality

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Investment Type:

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• Development

• Acquisitions

• Refinancing / Workouts / Recapitalization

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Size:

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• $2-50 million

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Hold Period:

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• Up to 5 years

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Structure:

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• Up to 88% Loan-To-Cost (LTC) in a senior position to the sponsor’s equity

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Preferred Return:

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• 10-15% preferred return (depending on the risk level and profit sharing participation, if relevant)

• Unpaid preferred return accrues and compounds until repayment

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Security:

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• Typically, assignment of the Sponsor Interest in the owning LLC

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Profit Sharing:

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• Profit Sharing is deal-dependent. Generally represents a split of excess profits after payment of preferred return and return of capital to both the senior equity and the sponsor

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Timing:

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• 15-30 days