Lending

Lending Criteria Amount:  $750,000 – $150 million. Property Types:  Income property – multi-family, retail, industrial, office and mobile home parks, SFR non-owner occupied. Construction:  50 to 75% of Cost. Rate:  6% to 12% variable LIBOR.  Floor set at funding date. Recourse and Non-Recourse:  Recourse of Borrower and Sponsor; Non-Recourse with the usual carveouts available in […]

Lending Criteria

  • Amount:  $750,000 – $150 million.

  • Property Types:  Income property – multi-family, retail, industrial, office and mobile home parks, SFR non-owner occupied.

  • Construction:  50 to 75% of Cost.

  • Rate:  6% to 12% variable LIBOR.  Floor set at funding date.

  • Recourse and Non-Recourse:  Recourse of Borrower and Sponsor; Non-Recourse with the usual carveouts available in certain cases.

  • Term:  3 to 18 months.  Extensions up to 5 years.

  • Time to Fund:  7-21 business days from receipt of due diligence.

  • Deposit:  .25% to 1% depending on project; unused portion credited.

  • Prepayment:  No penalty.  30 days interest required with early payoff.  Any time after 90 days from funding.

  • Loan Fee:  1% to 3.5% depending on type of property, occupancy and term.

  • Territory:  Continental US, preference for Southwest and West Coast.

  • Direct Lender:  Funding by Standard Management.

  • Joint Ventures:  Credit Enhancement and Joint Ventures considered.

  • Response:  24 business hours or sooner from receipt of request.

Our loans are secured by first mortgages.  However, in certain circumstances, we will allow the borrower to put on a junior lien.  If you are a lender, and would like a junior position in the first mortgage, these will be available on a select basis.

                                 

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