NEBO Capital has established a relationship with a new nationwide lender. It has a floating rate and a fixed rate product for most commercial assets. This lender is managed by seasoned real estate executives with a long track record.
The floating rate program lends $20MM to $100MM on both stabilized and transitional assets. Floating rate leverage up to 70% for most property types (75% for MF) is available at pricing beginning at LIBOR + 4.00%. Terms up to 5 years, with mezzanine available in some cases.
The fixed rate program lends $20MM to $100MM on most categories of stabilized assets, for 7, 10, or 15 years. The pricing is around Treasuries + 2.25%. Leverage is up to 70% LTV on most property types (75% for MF).
These fixed rate loans rate lock in application and multi year open prepay periods are available.
Call NEBO today for a quick response on your deal.