Closed Transactions

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• Property Type: Multifamily
• Loan Amount: $3.5MM
• Special Features: Contracted buyer who needed an extension for final execution, but existing debt was coming due.

Pay off existing debt and clear the title. Provide the buyer a 12-month runway to finalize execution.Keep a vital affordable housing project on track for success.

• Property Type: Industrial Sale-Leaseback
• Loan Amount: $3.5MM
• Special Features: Purchase Structure: NNN Sale-Leaseback,Leverage: 76% LTV (Max proceeds)rateof 6.35%

Terms: 25-yr Am / 10-yr Call

Flexibility: No prepay penalty + No deposit mandates. Mitigation: Successfully navigated past environmental issues with a clean Phase II

• Property Type: Office GSA-Leased
• Loan Amount: $4.9MM
• Special Features: Refinance maturing CMBS loan, Federally leased asset with less than 3.5 years remaining on the lease, Bridge-to-sale structure providing short-term flexibility, One-year term with extension options, 70% LTV, Prime +2.49%. 

• Property Type: Auto Shop
• Loan Amount: 78% LTV
• Special Features: Cash Out Refinance Purchased 1 Year Ago, Prime +2.75%, 5 year Term, Fixed Rate 6.75%

• Property Type: Office
• Loan Amount: $2.5MM
• Special Features: Cash Out Refinance, 7-Year Fixed Rate 6.18%, 25-Year Amortization, No PPP, Cash For Future TI's

• Property Type: Townhomes
• Loan Amount: $6.7MM
• Special Features: Vertical Construction,18 Month IO, Fixed Rate 6.5% 

• Property Type: Mobile Home Park
• Loan Amount: $3MM
• Special Features: Purchase, Rate 6.2%, 50% POHs, 50% Recourse, Flexible PPP, 18 Months IO

• Property Type: Retail Single Tenant Special Use
• Loan Amount: $3MM
• Special Features: Purchase, 65% LTV, 25 Year Amortization,  5-Year Fixed Rate 6.77%, No PPP

• Property Type: Owner Occupied Construction Loan & Conventional Loan
• Loan Amount: $4MM
• Special Features: 80% Owner Occupied  Office One Time Close Construction Loan, Conventional at 80% LTV/LTC, Rate Adjust to Market at Time of Completion of Construction

• Property Type: Single Tenant Unseasoned
• Loan Amount: $950K
• Special Features: Fixed at Prime -1%, 10-Year Term, 25-Year Amortization, No PPP

• Property Type:  Industrial with yard
• Loan Amount: $5MM Bridge Transaction
• Special Features: Bridge Loan on a 50% Occupied Property, 3 Year IO, Rate of 8%

• Property Type:  Office Building Sale Leaseback 
• Loan Amount:  $4.7MM Fixed for 7 years 6.82%
• Special Features: 70% LTV on a sale leaseback of a single tenant, NNN office building, No prepayment penalty 

• Property Type:  Utah Residential Development Loan 
• Loan Amount:  $8.93MM plus $3MM Letter of Credit 
• Special Features: Infrastructure financing for the development of a 34-unit residential project in Park City.  

• Property Type:   Retail / Special Use  
• Loan Amount:  $4.85MM 
• Special Features: 65% Cash Out Refinance Fixed for 5 years at 6.35%, No Prepayment Penalty.  Ability to adjust rate lower when market stabilizes.  Global DSCR used to qualify loan, as property will be redeveloped.  

• Property Type: Multifamily 
• Loan Amount: $2.4MM
• Special Features:  FNMA Loan, Cash Out Refinance, 10 Year Fixed, Rate 5.7%, 30 Year Amortization, 5 Year Interest Only 

• Property Type: Mobile Home Park
• Loan Amount: $2.2MM
• Special Features:  CMBS Non-Recourse Loan, 30 Year AM, 5 Year Fixed Rate, Cash Out Refinance

• Property Type: Warehouse
• Loan Amount: $5.9MM
• Special Features:  Multi-Tenant, Warehouse One Time Close Construction / Perm Loan, Fixed for 7 Years, No PPP Includes TIs Allowance 

• Property Type: Mobile Home Park 
• Loan Amount: $5.1MM
• Special Features: Cash Out Refinance, IO for 5 years

• Property Type: Retail
• Loan Amount: $2.3MM
• Special Features: Non-Recourse, NNN Non Credit Tenant, 67% LTV, 5 years IO

• Property Type: Medical Facility
• Loan Amount: $4.6MM
• Special Features: 65% LTV, Non-Recourse, Long Term Credit Building, 1 year IO

• Property Type: Industrial New Construction
• Loan Amount: $65MM
• Special Features: High leverage spec construction

• Property Type: Mobile Home Park - Refinance
• Loan Amount: $1.4M 
• Special Features: All POHs, 70% Cash Out Refi, 2 years IO, 10 year term, 25 year amortization on a newly stabilized park