Our Marina Program has the ability to offer:

 

ACQUISITION | REFINANCE | CONSTRUCTION | DEVELOPMENT | RENOVATION | REPOSITIONING| HOTEL FUNDING
 

Eligible Property Types:  Prime waterfront marina and coastal infrastructure with associated upland real property                                                                                                                           
Eligible locations: Most Major Markets in the U.S.A, Caribbean, South America, Global.                 
Use of Proceeds: Acquisition, Development, Repositioning, Redevelopment, Renovation, Reconfiguration.
Loan Amounts: $5,000,000 to $200 million per project in combination with fund debt
Equity Investment: Straight Equity, Preferred Equity, Gap Equity, Co-Investment Equity, Recapitalization Equity.                               
Equity Contribution: Up to 90%
Security: First Priority Lien                                                                         
Recourse: NON-Recourse with Standard Carve-outs Limited 
                    Recourse Equity Fees / Pricing 8%-12%
                    Current Coupon Sponsorship
                    Strong Sponsorship required with demonstrated track  
                    Record and comprehensive business plan                        
Term: 5 years term with two (1) year extensions available,   
            1/O 24-36 months, 10, 15 or 20 year amortization thereafter
Interest Rates:  6% to 9% Interest – Case by Case                                                        
                            4.50% for Strong Sponsors       
                           1% – 2% Origination 1% Extension Fees
Max Debt LTV / LTC: up to 70% closing: Generally, 90 – 120 days                               
Construction Risk:  Mitigated, performance, completion bonds requi                                             
DSCR:              1.25%                 
Brokers Fees: 3% to Frias Financial                                   
Entitlement Risk: Mitigated, all approvals and permits required
Debt Investments: Senior Debt, Participating Debt, Co-Investments Debt, Acquisition Debt,

Hard Money Loans 1to 3 Year Terms

Loan Amount     $500, 000 to $50,000,000                          
Loan to Value      Up to 70%                                                           
Term     6 months to 3 years                                
Interest Rate    9.5% to 13%                                        
Amortization       Interest Only                                    
Origination Fee         2 to 3 points                  
Extensions                ½ to 1 point                                             
Pre – Payment          No Pre Payment Penalty
Construction              Conventional & Bridge Loans
 
Property Types
Multi-Family                                                      
Mixed Use                                                                                        
Hotels                                                                           
Medical Office                                                            
Student Housing                                                              
Assisted Living Facility                                                                       
Nursing Homes  
Warehouse                                                                                          
Mobile Home Parks                           
Self Storage                                                                                       
Parking Garage                                                                               
Broken Condo Project