Whole Loans/Stretch Senior, Mezzanine/Preferred Equity Capital for Ground-Up Construction

HOT MONEY:

George Smith Partners identified a national capital provider offering whole loans/stretch senior, mezzanine and preferred equity programs starting at $10,000,000 in primary and secondary markets. Asset types include office, hospitality, retail, and multifamily. With the ability to advance 80% of purchase price for stretch senior debt, pricing starts at LIBOR + 325 with floating rates up to seven years or fixed rate coupons for terms between two and five years. Mezzanine and Preferred Equity will extend to 85% of cost @ LIBOR+700 for ground-up development.