Globix has access to private funds in excess of $1B through network of national and international commercial real estate bridge lenders that enable sit to provide funding to for short term, floating rate loans to middle-market commercial real estate sponsors. The dedicated and customized underwriting of each loan allows utmost flexibility to accommodate equity owners objectives while making sure that all interests are always aligned and the exit strategy is clear.
TERMS:
First Trust Deed or Senior Secured Mortgage Finance
Loans remain on balance sheet
Location: Nationwide
Loan Amount: $5MM-$40MM
Leverage:
Up to 85% LTC on Multifamily
80% on Office / Industrial / Retail
75% on Hospitality
Rate: L + 500 to L + 700
Term: 2-5 years
Yield Maintenance: 12-24 months
Step Down Pre-payment options available
Origination: 1% at close, 1%-2.5% upon exit
Non-Recourse with standard Bad Boy Carve Outs¿
Sub 1.0 DSCR accepted, min Debt Yield not required
Time to close as short as 21 days from application
