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 1 to 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
