Mezzanine Financing
Are you looking for a mezzanine loan or equity financing? Steelhead Capital has the sources and experience you'll need for mezzanine loan funding.
The enhanced and mezzanine debt programs are best suited for qualified, middle market, income-producing properties that exceed the traditional 75% LTV limit imposed by most lenders.
| Typical Deal Term Summary | ||
| Enhanced Debt | Mezzanine Debt | |
Loan Size |
$5 - $20 Million | $2 - $15 Million |
| Interest Rate |
Typically floating rate, LIBOR based | 9%-11%, typically fixed |
| Loan Fee |
Typically 0%-1% | Typically 1%-3% |
| Exit Fee |
Typically 1%-4% and/or participation in cash flow or residual value | Targeted total returns of 11%-19% |
| Loan to Cost |
Up to 90% | Up to 97% |
| Common Terms & Parameters | |
| Loan Term |
3 - 5 years |
| Amortization |
Negotiable based upon business plan |
| DSCR |
No requirements; deal specific underwriting, interest reserves may be permitted |
| Property Types |
Industrial, Office, Multi-family, Hotel, Condominiums, Manufactured Housing Communitites, Anchored Retail & Self Storage throughout the U.S. |
| Property Size |
Individual properties valued at under $40 million |
| Borrower |
Property type experience with strong track record |
Whether you need to refinance an existing property or you need mezzanine financing - we can help you structure the mezzanine loan that meets your needs.
Our success is measured by our clients' success, and our mission is to be your source for the most appropriate - and advantageous - mezzanine financing solution that helps you achieve your goals.