NEBO NEWSROOM

CAPITAL SPOTLIGHT

Stretch Senior Long-Term Fixed Rate Financing– Starting at 3.75%

05 . 03 . 2020

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AMidwest Institutional Capital provider is originatinglong term debt for income producing properties

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  • Capital Structure: Fixed-rate Stretch Senior Loan
  • Size: $10MM to $75MM
  • LTV: Maximum 75%
  • Rates: Treasury plus 170 – 200 basis points
  • Guarantee: Non-recourse
  • Terms: 5, 10 & 15-year terms available
  • Amortization: 25 – 30 years
  • Property Type: Grocery-anchored retail, industrial, multifamily & office
  • Uses: Refinances & acquisitions for stabilized income-producing properties
  • Geography: Nationwide
Rescue Capital available for Commercial Real Estate & Consumer Finance

04 . 21 . 2020

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Quick closings (2 weeks) 1st mortgage loans for a variety of situations

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  • Capital Structure: 1st Mortgage Bridge Loans
  • Size: $2MM to $75MM
  • LTV: Maximum 75%
  • Rates: Starting at 9%
  • Guarantee: Recourse
  • Fees: 2% origination
  • Terms: 6 months – 2 years
  • Amortization: Interest Only
  • Property Type: Office, Industrial, Retail, Multifamily, Hospitality, Student Housing , Senior Living, Time Shares, Hospitals, Franchises, Restaurants, Marinas, Auto Dealerships, Gas Stations, C & I Loans (Receivables, A/R, Inventory & Equipment), Mixed-Use, Consumer Loans
  • Uses: Rescue Financing, Foreclosures, Refinancing, Acquisitions, Value-Add, TIs & LCs; C & I Loans; Other Special Situations
  • Geography: Nationwide – All Markets
Fixed rate Capital for Income Producing Properties in the Western US

04 . 03 . 2020

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A Southern California Bank is originating long term debt for stabilized income producing properties

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  • Capital Structure: Fixed-rate, will consider floating-rate
  • Size: $2MM to $35MM
  • LTV: Maximum 60%
  • Rates: Starting 3.75%
  • Guarantee: Non-recourse
  • Fees: .5% of the loan amount
  • Terms: 10 years, can also do 5 and 15-year terms as well
  • Amortization: Up to 20 years
  • Property Type: Grocery-anchored retail, industrial, multifamily,office, self-storage and mobile home parkson a case-by-case basis
  • Uses: Refinances & acquisitions for stabilized income-producing properties only. No construction, land, or value-add
  • Geography: Western States primarily California (Northern and Southern) with a bias towards the coastal regions
Bridge Capital for transitional or distressed properties

03 . 21 . 2020

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A Northeast private debt fund is providing rescue capital for distressed and transitional properties

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  • Capital Structure: Floating-Rate Bridge Loans
  • Size: $2MM to $30MM
  • LTV: Maximum 75% LTC (typically 65% - 70% LTC)
  • Rates: Starting at 7%
  • Guarantee: Non-recourse
  • Fees: 2% origination, 1% exit
  • Terms: 2-3 years with extensions
  • Amortization: Interest only
  • Property Type: Multifamily, Mixed-use, Condo, & Grocery anchored Retail
  • Uses: Time-sensitive, acquisitions, repositioning’s, recapitalizations, & refinances
  • Geography: Nationwide - Primary Markets
Unlevered Fund writing creative bridge capital solutions

03 . 03 . 2020

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A West Coast Alternative Investment Manager is originating creative, flexible, and time-sensitive capital solutions for a broad spectrum of commercial real estate.

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  • Capital Structure: Bridge & Construction Loan
  • Size: $2MM - $45MM
  • LTV: up to 70%
  • LTC: up to 80%
  • Rates: 5% - 12%
  • Guarantee: Recourse
  • Fees: 2-3 Points
  • Term: 12 – 36 Months
  • Amortization: Interest Only
  • Property Type: Retail, Multifamily, Office, Industrial, Hospitality, Senior Living (AL, MC), Gas Stations, C-Stores, and many other Special Situations
  • Uses: Short term bridge loans, Ground Up construction available in Tier 1 Markets, Credit Issues, Bankruptcy/Litigation, Discounted Payoffs, Pending Foreclosures, Restructurings, Quick closings
  • Geography: Nationwide
High Leverage bridge and construction financing for LIHTC Properties

02 . 21 . 2020

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An East Coast lender is actively engaged in Financing LIHTC properties that are approaching the end of their compliance period, Voucher Program/Section 8 Housing and unregulated workforce housing.

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  • Capital Structure: Bridge & Construction Loan
  • Size: $10MM and up
  • LTV: up to 85% as stabilized
  • Rates: Libor plus 350 and up
  • Guarantee: Non-recourse except for standard bad-boy carve-outs
  • Fees: Starting at 1%
  • Term: Up to 5 Years
  • Amortization: Interest Only
  • Property Type: LIHTC & Workforce Affordable Housing
  • Uses: Acquisitions, construction, light or heavy rehabilitation, re-syndication and recapitalizations.
  • Geography: Nationwide
Multifamily Preferred Equity Financing for Acquisitions and Development

02 . 03 . 2020

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A Northeast lender is offering high leverage for Multifamily acquisition and development

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  • Capital Structure: Preferred Equity
  • Size: $5MM and up
  • LTV: up to 90% (will consider higher on deal by deal basis)
  • Rates: Libor plus 750 and up (combination of current pay and accrual)
  • Guarantee: Non-recourse except for standard bad-boy carve-outs
  • DSCR: Below 1.0 is acceptable
  • Fees: Starting at 1%
  • Term: Up to 5 Years
  • Amortization: Interest Only
  • Property Type: All property types except hospitality and assisted living with and emphasis on multi-family rental property in high barrier to entry markets in which the majority of units are leased to households at 80% or less of Area Median Income (“AMI”) and the rents are at or below 30% of 80% of AMI.
  • Uses: Acquisitions, construction, light or heavy rehabilitation, re-syndication and recapitalizations.
  • Geography: Nationwide
Competitive Fixed-rate CMBS Debt

01 . 21 . 2020

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An asset manager is providing fixed income investment strategies for Nationwide CRE owners and developers

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  • Capital Structure: Fixed-Rate CMBS Loans
  • Size: $2MM and up
  • LTV: Up to 75%
  • Rates: Fixed – Spread over Swap
  • Guarantee: Non-recourse
  • DSCR: 3 – 1.0
  • Origination Fee: None
  • Term: 5, 7 or 10-years
  • Amortization: 30-year Schedule with potential I/O available based on leverage
  • Property Type: Self Storage, manufactured housing, multifamily, hotels, retail, office, industrial/flex, single-tenant credit
  • Geography: Nationwide
Non-recourse, ‘not quite’ stabilized bridge loans

01 . 03 . 2020

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An East Coast asset manager is providing very competitive bridge loans for transitional assets not yet stabilized.

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  • Capital Structure: Floating-Rate Bridge Loans
  • Size: $5MM and up
  • LTV: As-is, up to 80%
  • Rates: Floats over the 30-day Libor
  • Guarantee: Non-recourse
  • Interest Reserve: Calculated, but do not need cash flow
  • Origination Fees: .5% - 2% all in
  • Term: Up to 3 years plus 2, one-year extensions
  • Amortization: Interest Only
  • Property Type: multifamily, hotels, retail, office, industrial/flex, single-tenant credit, Self Storage, manufactured housing, Special Situations (No land or construction)
  • Geography: Nationwide
Short term, event driven bridge loans

12 . 21 . 2019

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An investment management firm is originating event Driven, time-sensitive ground-up construction, acquisitions, repositionings, recapitalizations, or the restructuring of partnerships.

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  • Capital Structure: Bridge & Construction Loan
  • Size: $15MM and up
  • LTV: up to 85%
  • Rates: Fixed: 8.5% - 10%
  • Guarantee: Non-recourse except for standard bad-boy carve-outs and completion guarantee
  • Fees: Starting at 1%
  • Term: 1 - 5 Years
  • Amortization: Interest Only
  • Property Type: All asset classes, including but not limited to, multifamily, retail, office, mixed-use, for-sale residential, hospitality, and industrial
  • Uses: Event driven, time-sensitive ground-up construction, acquisitions, repositionings, recapitalizations, or the restructuring of partnerships.
  • Geography: Nationwide - primary, secondary, and tertiary MSAs