| Loan Amount |
$3 million to $250 million |
| Loan Term |
5, 7, and 10 Year |
| Asset Types |
Stabilized retail, industrial, office, hotel, multifamily, mobile home parks, self-storage and student housing |
| Geographic Scope |
All of the U.S. |
| Borrowing Entity |
Single purpose entity |
| Security |
First Mortgage/Mezzanine |
| Loan-to-Value |
Up to 75% of appraised value with total leverage up to 85%+ including mezzanine |
| Amortization |
Typically 30-year amortization |
| Interest Rate |
Fixed Rate; Swap based pricing |
| Prepayment |
Defeasance or yield maintenance |
| Recourse |
Non-recourse to Key Principals except for customary bad boy carve-outs |
| Loan Amount |
$10 million to $150 million |
| Loan Term |
Generally 2 to 3 years plus extensions |
| Asset Types |
Stabilized or transitional retail, industrial, office, hotel, multifamily, mobile home parks, self-storage and student housing |
| Geographic Scope |
All of the U.S. |
| Borrowing Entity |
Single purpose entity |
| Security |
First Mortgage/Mezzanine |
| Loan-to-Value |
Up to 75% of appraised value with total leverage up to 85%+ including mezzanine |
| Amortization |
Interest only |
| Interest Rate |
SOFR based pricing with interest rate cap |
| Prepayment |
Freely prepayable after short lockout/yield maintenance period |
| Recourse |
Non-recourse to Key Principals except for customary bad boy carve-outs |
| Origination/Exit Fee |
Determined on a loan-by-loan basis |
| Loan Amount |
$3 million+ |
| Debt Structures |
Mezzanine Loans, B-notes and preferred equity |
| Asset Types |
Conventional CRE asset types across the U.S. |
| LTV |
Up to 90% |
| Interest Rates |
Typically 9% to 12% |
| Term |
3 to 10 years |
| Amortization |
Typically Interest Only |
