LOANS

General Loan Criteria

Up to $15MM per loan

Not to exceed 75% LTV

Construction Term: 3 years primary interest only; Two, 1-year extension options amortizing

Bridge/Refinance Term: 3 year primary term, 1 year interest only; Two, 1-year extension options amortizing

Rates: Negotiated on a case-by-case basis. 

Collateral: First Lien Deed of Trust on subject property

Recourse: Non-recourse to guarantor subject to standard carve-outs 

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General Loan Criteria

Type: Construction Loan in Houston MSA

Size of Loan: $9 MM

Term: 3 years interest only

Pad Count: 200

Investment Thesis: Developer plans to sell in Year 4

Transaction Merits:  Location near major employment hubs and great access to major interstates.  No new RV construction in submarket and proforma rates are in line with other comparable properties in the area.

General Loan Criteria

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