Acquisition Credit Facility

Western US

$150,000,000 Acquisition and Rehab Line of Credit. This large credit facility was created for a large regional development company. It provided up to 75% LTV for office and industrial for the Western U.S. LIBOR based pricing with a pricing break due to economies of scale. Non-recourse, 2-3 year term, 1/2% exit fee for 24 months, interest only, 1% fee, and no up front fee for setting up the line. Each specific loan can roll to a 5-year Term loan if desired. Term sheets and loan documents were negotiated early on thus creating a smoother and more efficient closing process for each transaction.