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.