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

MIAMI FLORIDA LOCATION
150 SE 2nd Ave, PH4
Miami, FL 33131
U.S.A.
150 SE 2nd Ave, PH4
Miami, FL 33131
U.S.A.

CONTACT
Toll Free: 1-833-425-7264
Email: todd@alphainvestmentinc.com
tim@alphainvestmentinc.com
Website by Miami Marketing®
Toll Free: 1-833-425-7264
Email: todd@alphainvestmentinc.com
tim@alphainvestmentinc.com
Website by Miami Marketing®
