Mezzanine Loans
Combined with other Forbix products to achieve higher loan to cost.
Get access to the full capital stack.
Align yourself with an experienced capital partner.
LOAN AMOUNT
$1.5 million minimum – $30 million maximum
LOAN TERM
Generally 1 to 5 years. Extension options available.
AMORTIZATION
Interest-only or fixed principal paydowns.
MINIMUM DSCR
1.10x through the mezzanine debt service. – case by case for JV Equity
MAXIMUM LTV
Up to 90%
LTC
80% (up to 90% with Mezz)
INTEREST RATE
Preferred rate of return and profit participation
ELIGIBLE PROPERTIES
Multifamily, student housing, senior projects located in strong markets.
ELIGIBLE BORROWER
Single Asset Entity
SPONSORSHIP
Strong sponsors with a proven track record and “skin in the game.”
SECURITY
Pledge of ownership interests secured by UCC or preferred equity position.
REQUIRED REPORTS
Necessary reports for proposed exit financing, appraisal, phase 1, PCNA, and other reports deemed necessary.
REPAYMENT
Generally Permitted
LENDER FEE
Origination and exit fee individually negotiated.