CWCapital offers Mezzanine Loans that can be tailored to meet the needs of borrowers seeking financing for stabilized, value-added, and development opportunities. With more than 100 structured transactions completed, CWCapital has the experience to offer flexible, creative financing solutions to real estate owners and developers.
PURPOSE:
Acquisition, development, rehabilitation, repositioning, and refinancing.
PROPERTY TYPES:
Office, retail, industrial, multifamily, condominiums, hospitality and mixed-use projects.
GEOGRAPHIC MARKETS:
Major U.S. markets.
INVESTMENT STRUCTURE:
Mezzanine loans secured by second liens or assignments of partnership interests.
LOAN SIZES:
$5 million minimum; no maximum size.
LTV:
Up to 92% loan-to-cost/loan-to-value. For construction financing, deferral of reasonable development fees may be included in borrower equity.
TERM:
One to five years. Will consider longer terms.
PRICING:
Competitive, risk-adjusted rates and fees. Yield achieved through a combination of current pay, front and back end fees, accrued interest and/or participation interests.
LOAN FEES:
1% to 2%. Fees may be financed.
RECOURSE:
Typically non-recourse with the exception of standard recourse carveouts, completion guarantee (if applicable) and environmental indemnity.
OTHER:
Intercreditor agreement with senior lender.
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