Property details
Multifamily Equity Available For Existing or Development Projects, Northeast Region
Property Description
Multifamily Equity Available For Existing or Development Projects
Do you have any existing or development multifamily projects seeking preferred equity?
We are working with a principle investor who has cash available for investment.
Recipient of equity responsible for a 3.00% brokerage Funding Fee due at time of funding.
‘Soft’ Multifamily Preferred Equity / Mezzanine Debt
Terms as follows...
Minimum Investment Amount: +$3.5 million
Investment Size: +7.5% of property value
Geographic Focus National (Conventional Apartments, Student Housing, Age-Restricted)
Accrued Return: 10.5% to 12.0% total accrual rate
Minimum Distribution: N/A
Surplus Cash Flow: 8.0% initially, increases over term
Minimum DSCR Constraint: 1.05x (using fixed rate Senior Loan amortizing payment + 6.0% of Investment Amount)
Maximum LTV Constraint: 90% (Senior Loan + this lender's loan)
Investment Term: <12 years (typically co-terminus with Senior Loan maturity)
Origination Fee: 2.0%
Minimum Return Multiple: 1.5x
Senior Loan Term: 5+ years
Senior Interest Rate Cap: 1.00x DSCR (using fixed rate Senior Loan amortizing payment + Minimum Distribution)
Drag to Market: Following 2nd anniversary of the Investment
‘Hard’ Multifamily Preferred Equity / Mezzanine Debt
Terms as follows...
Minimum Investment Amount: +$3.5 million
Investment Size: +7.5% of property value
Geographic Focus National: (Conventional Apartments, Student Housing, Age-Restricted)
Accrued Return: 10.5% to 12.0% total accrual rate
Minimum Distribution: 6.0% required distribution
Surplus Cash Flow: 8.0% initially, increases over term
Minimum DSCR Constraint: 1.05x (using fixed rate Senior Loan amortizing payment + Minimum Distribution)
Maximum LTV Constraint: 90% (Senior Loan + this lender's loan)
Investment Term: <12 years (typically co-terminus with Senior Loan maturity)
Origination Fee: 2.0%.
Minimum Return Multiple: 1.5x
Senior Loan Term: 5+ years
Senior Interest Rate Cap: 1.00x DSCR (using fixed rate Senior Loan amortizing payment + Minimum Distribution)
Images
Highlights
- Status:
- Available
- Price:
- $3,500,000
Property Information
- Property Type:
- Apartments
- Industry Type:
- Apartment - Multifamily
- Units/Spaces:
- 1
- Purchase Tenure:
- Fee Simple
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.