PROPERTY
TYPES |
|
General commercial, light industrial, manufacturing, warehouse and distribution, health services, retail, golf course. |
 |
TRANSACTION
SIZE |
|
Up to $20,000,000 per property. |
|
USE OF
PROCEEDS |
|
The acquisition or refinance of essential operating equipment. |
|
| INTEREST RATE |
|
Fixed rates are indexed to like-term treasury rates with floating rates indexed to LIBOR or the prime rate. |
|
| TYPICAL TERMS |
|
Up to 80% of useful life, not to exceed 7 years. |
|
| SECURITY |
|
UCC-1 filing and Priority Lien on FF&E financed. |
|
| GUARANTEES |
|
Corporate or Personal with terms negotiated on a case-by-case basis. |
|
| BORROWER'S EXPERIENCE |
|
Borrower will generally have 5+ years experience in industry. |
|
| FINANCIAL PERFORMANCE |
|
Borrower must demonstrate a stabilized 1.25x Debt Service Coverage Ratio (DSCR). |
|
| LOAN TO VALUE |
|
Projects financed up to 100% of the equipment cost. |
