Direct Real Estate Lending
Mezzanine Financing
Property Types:	Office, Retail, Multi-Family, Industrial, Hospitality, Senior Housing, Land
Markets:	Primary and secondary markets across the United States
Sponsors:	Experienced in property type and market; Evidence of capital at risk
Max Loan to Cost:	Low 90%'s
Yield Requirements:	Dependent on capital stack. Generally 12% to 18%
Platform Investment
Program:	Providing capital to financial companies and real estate sponsors on a platform basis
Product:	First loss financing on warehouse lines; Equity bridge lines
Transaction:	$20MM to $90MM with multiple assets as collateral
Facility Term:	3 Years maximum with revolving feature on asset by asset basis
Institutional Investment
Program:	Purchasing first and second lien debt, B notes and mezzanine offerings arranged by investment and commercial banks
Target Market:	Real estate related companies and project finance secured by real estate
Yield Requirements:	Dependent on capital stack - Generally LIBOR + 275 and above
Transaction Size:	$10MM and higher