Permanent financing for the building that is finished being a project.
Long-term commercial mortgages of roughly 30 years on stabilized property, from $250K to $500M+, including the takeout of a construction loan.
Built for owners who want the debt to match the hold.
- Construction takeout
The building is complete and leased. Replace the construction loan with long-term debt, with us or from another lender's construction loan.
- Refinance of a bridge loan
The value-add plan worked. Lock the result in with a term that fits how long you intend to own it.
- Acquisition of stabilized property
Long-term debt on a leased, cash-flowing asset from the day you close.
- Cash-out refinance
Release equity from a stabilized building without selling it.
- Portfolio loans
Several stabilized properties under one loan and one set of documents.
- Cannabis-licensed property
Long-term debt on licensed real estate that a bank cannot hold on its books.
Parameters
Permanent loans are underwritten on in-place income and the quality of the property. Rate and amortization are set in the term sheet for that property.
- Loan amount
- $250,000 to $500,000,000+Larger loans are structured with our capital partners.
- Term
- Long-term, roughly 30 years
- Collateral
- Stabilized commercial and investment real estate, any asset class
- Geography
- All fifty states
- Use
- Construction takeout, refinance, cash-out, acquisition, portfolio
- Pricing and amortization
- Quoted per property in the term sheet
- Borrower
- Entities and investors borrowing for business purposes
- Not offered
- Residential mortgages on owner-occupied homes
How a permanent loan closes.
Request terms
Property type, loan type, amount, and location. That is all we need to start.
Term sheet
We come back with structure and pricing for that deal, in writing, or with a clear no.
Underwriting
Appraisal, title, and borrower documents. We set the checklist with you, not after you.
Close and fund
From our fund when the loan fits it, with our capital partners when it does not.
Request terms.
Four facts get a real answer: property type, loan type, loan amount, and location. Send them and we reply with structure, or with a plain no.
- ReviewWe read the property and the four facts first. Not a form letter, not a credit pull.
- TermsYou hear back with the structure and pricing that fits the deal, in writing.
- UnderwritingAppraisal, title, and borrower documents, on a timeline agreed with you.
- FundingClosed from our fund, or with our capital partners when the loan sits outside it.