Large Balance Bridge to 90% LTC

Transitional transactions from $25,000,000 to $150,000,000 are locally underwritten and funded by a publicly funded REIT. There is no securitization exposure for this balance sheet lender and future fundings are not subject to negative arbitrage. Three year terms are priced on a non-recourse basis from L+350 to 550 based on leverage and product type. Sub 1.0 coverage will be considered although some cash flow must be present at the time of funding.