- Senior and subordinate financing
- Multi-family rentals
- Student housing
- Retirement homes
Typically three to five years; with a maximum term of 10 years.
Interest rates are generally determined by adding credit and liquidity spreads over the 30-day LIBOR rate. The risk factors that are evaluated include: location; quality of improvement(s); tenant financial strength; borrower and covenantor’s financial strength; loan-to-value /loan-to cost level; debt servicing ability; borrower’s experience.
Typically 55 to 75 per cent.
Typically $50,000,000 and higher.