Lending Matrix

ALPHA INVESTMENT INC LENDING MATRIX – FACILITATED BY OMEGA CAPITAL STREET, LLC

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PRIME & CMBS/CONDUIT

	PRIME MORTGAGES	CMBS/CONDUIT
Loan Amount	$2,000,000 to $200,000,000+	$2,000,000 to $400,000,000+
Loan Term	5, 7 and 10 Year	5, 7 and 10 Year
Asset Types	Medical, mixed-use, office, retail, industrial, multifamily, hotel and other asset classes to be considered on a case-by-case basis.	Medical, mixed-use, office, retail, industrial, multifamily, hotel, self storage and other asset classes to be considered on a case-by-case basis.
Security	First Mortgage, Mezzanine, Equity and FF&E on a case by case basis	First Mortgage
Borrower Entity	Single purpose entity	Single purpose entity
Loan-to-Value	Up to 80% 1st mortgage debt of appraised value. Higher leverage mezzanine transactions considered or equity on a case-by-case basis.	Up to 75% 1st mortgage debt of appraised value. Higher leverage mezzanine transactions considered or equity on a case-by-case basis.
DSCR Requirement	1.15x on LCF underwritten net cash flow.	1.25x on Lender underwritten cash flow.
Amortization	30 or 40 year amortization	30 year amortization with periods of interest-only up to full loan term considered on a case-by-case basis
Interest Rate	Starting at 3.99% Fixed, ARM at 6mo LIBOR + 115 or SWAP Rates	Competitive Swap, Fixed, LIBOR and Treasury based Pricing
Origination Fee	1% of the Loan Amount	Up to 1% of the Loan Amount
Exit Fee	None	None
TI/LC, CapEx and Other Reserves	Ongoing TI / LC and CapEx reserves collected, with caps offered or reserves waived on a case-by-case basis	Ongoing TI / LC and CapEx reserves collected, with caps offered or reserves waived on a case-by-case basis
Recourse	Non-recourse except for customary bad boy carve-outs	Non-recourse except for customary bad boy carve-outs
Pre-Payment Penalty	Short lockout/yield maintenance period then no pre-payment penalty	Defeasance or yield maintenance, locked out for the earlier of (i) three years following the full funding of the Loan and (ii) two years after the securitization of the Loan

ALT-A & TIER 1 CONTSRUCTION-PERM

	ALT-PRIME MORTGAGES	TIER-1 CONSTRUCTION-MINI-PERM
Loan Amount	$1,500,000 to $200,000,000+	$3,000,000 to $200,000,000+
Loan Term	3, 5, 7 and 10 Year	10 Year, inclusive of construction period
Asset Types	Medical, mixed-use, office, retail, industrial, multifamily, hotel, self storage and other asset classes to be considered on a case-by-case basis.	Medical, mixed-use, office, retail, industrial, multifamily, hotel, self storage and other asset classes to be considered on a case-by-case basis.
Security	First Mortgage, Mezzanine, Equity and FF&E on a case by case basis	First Mortgage and equity is available, will also consider financing FF&E including medical equipment.
Borrower Entity	Single purpose entity	Single purpose entity
Loan-to-Value	Up to 85% 1st mortgage debt of appraised value. Higher leverage mezzanine transactions considered or equity on a case-by-case basis.	Up to 85% LTC 1st mortgage debt. Higher leverage mezzanine transactions considered or equity on a case-by-case basis.
DSCR Requirement	1.15x on LCF underwritten net cash flow.	1.15x on LCF underwritten net cash flow.
Amortization	Interest only	Interest only
Interest Rate	Starting at 4.625% Fixed, ARM at 6mo LIBOR + 215	Starting at 3.99% Fixed, ARM at 6mo LIBOR + 215
Origination Fee	2% of the Loan Amount	2% of the Loan Amount
Exit Fee	None	.5% conversion fee from construction to perm loan period due by borrower at C/O.
TI/LC, CapEx and Other Reserves	Ongoing TI / LC and CapEx reserves collected, with caps offered or reserves waived on a case-by-case basis	Interest reserves on a case-by-case basis, max LTV with IR's may not exceed 90% of AS COMPLETED VALUE, add .5% to origination if LTC exceeds 88%.
Recourse	Non-recourse except for customary bad boy carve-outs	Non-recourse except for customary bad boy carve-outs
Pre-Payment Penalty	Short lockout/yield maintenance period then no pre-payment penalty	Short lockout/yield maintenance period then no pre-payment penalty

BRIDGE & HARD MONEY MATRIX

	BRIDGE LENDING	HARD MONEY
Loan Amount	$1,000,000 to $100,000,000+	$1,000,000 to $50,000,000+
Loan Term	1, 2 and 3 Year	6, 12, 18 & 24 months
Asset Types	Medical, mixed-use, office, retail, industrial, multifamily, hotel, self storage and other asset classes to be considered on a case-by-case basis.	Medical, mixed-use, office, retail, industrial, multifamily, hotel, self storage, land and other asset classes to be considered on a deal-by-deal basis.
Security	First Mortgage	First Mortgage
Borrower Entity	Single purpose entity	Single purpose entity
Loan-to-Value	Up to 75% of appraised value. Max Land LTV 55% of appraised value with entitlements 35% Max LTV of land with no entitlements.	Up to 65% of appraised value. Max Land LTV 55% of appraised value with entitlements 35% Max LTV of land with no entitlements.
DSCR Requirement	To be determined on a case-by-case basis. LTV lowered by 5% if underwritten net cash flow less than 1.15x DSCR	Not required sset based loan
Amortization	Interest only	Interest only
Interest Rate	7.99% to 10.99% (Higher LTV and Lower DSCR effects rate, land only will be at 10.99%	10.99% - 18%
Origination Fee	3% of the Loan Amount	5% of the Loan Amount, 8% on land only.
Exit Fee	.5% (Half of one percent)	1%
TI/LC, CapEx and Other Reserves	Reserves available on a case-by-case basis	Reserves available on a case-by-case basis however loan may not exceed Max LTV
Recourse	Non-recourse except for customary bad boy carve-outs	Non-recourse except for customary bad boy carve-outs
Pre-Payment Penalty	1 year	6 months

COLUMBUS OHIO LOCATION
200 E Campus View
Blvd., Suite 200
Columbus, OH 43235
U.S.A.

MIAMI FLORIDA LOCATION
1001 Brickell Bay
Drive Suite 2700
Miami, FL 33130

CONTACT
Toll Free: 1-833-442-2986
Email: [email protected]

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