An established bridge lender known for its quick closings and sophisticated, opportunistic deal engineering has established a convenient new variable rate platform.
This national program contemplates $5-$20MM loans up to a 75% LTV. Terms will range up to 5 years, and be priced at 6.00-7.50% over 30-day LIBOR.
Origination fees will be in the 1-2% range, with an exit fee from 0.50%-1.00%.
Asset types include the major groups, as well as hospitality, mobile home parks, self-storage, and parking structures.
Yield maintenance is expected over 50%-75% of the loan term.
The program is non-recourse except for the standard carve-outs, environmental, and construction completion.
Call Nebo today if you need a close of 30 days or less with a sophisticated, creative partner.