Mezzanine Financing
The enhanced mezzanine loan programs are best suited for qualified, middle market, income-producing properties that exceed the traditional 75% LTV limit imposed by most lenders. Highlights of this loan program include:
| 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.
Next: Learn about smaller Multi-Family loans »
There are many factors to making sound investment decisions in today's market. Working closely with expert loan advisors, you will gain the Steelhead Advantage – maximizing terms and minimizing risk – while closing your deal on time and on terms.
To speak directly with an investment advisor and to learn more about our financing services, please submit your secure loan request.
