These programs are built for commercial real estate asset owners and small and middle market businesses with $5 million - $300 million in annual revenues who experience needs beyond the comfort and capacity of conventional lenders. It includes fluctuations in historical gross revenues, entrepreneurs with numerous expense write-offs, and those with compelling positive event-driven scenarios that require near-term capital.
As an asset owner with our own capital, we have the capacity to be more flexible and creative with how we deploy our resources.
As we mature in a relationship with a business, we will consider equity positions with board triggers to bring strategic value to assist in navigating complex situations, remove problematic partners, and open our rolodex of relationships within our existing business interests, including distributors and suppliers.
Small Balance Real Estate
They are designed for bankable transactions without the stringent requirements of depository lenders.
Lending Parameters:
Transaction Type: Purchase, Refinance, & Cash Out Refinance
LTV: 75% Max LTV (based upon asset and location)
Rates: 7% - 12%
Fixed Period: 2,3,5,7,10 and 30-year
Points: up to 2 points (par pricing available)
Loan Amounts: $500,000 to $10,000,000 (up to $50,000,000 in select scenarios)
Amortization: up to 30 Year Fully Amortizing (other amortization options available)
Rate Caps: 2% for the First Year, Then 1% periodically
Prepayment Penalty: 5% for Each Year That The Loan is Fixed
Rate Buy-down: Available with additional origination costs.
We will consider bridge/mezzanine scenarios to address unique situations between $5 million and $50 million up to 70% LTV at 11% interest-only.
Additional Considerations:
-Minimum Credit Score: 620
-No Tax Returns Required
-Personal Guarantee or Additional Collateral Considered
-Joint Ventures Considered For Compelling Scenarios
-Expense Deposit Required Fort 3rd Party Reports
-Rate Lock When Loan Documents Drawn
-Impounds For Property Taxes and Insurance Required
-Foreign National Financing Max CLTV of 60%
-MSA with a 150,000+ population or within 35 miles of MSA
Property Types:
Class B/C Multi-Family
Single-Family Investment Properties
Office Buildings
Mixed-Use
Retail Plaza
Mobile Home Parks
Light Industrial/Warehouse
Business Loans – Short Term Bridge
Small Business Loans are rejected by depository banks every day.
Program Overview:
Transaction sizes range from $250,000 up to $2,000,000
Terms up to 36 months
Rate starting at 12%
Monthly or Quarterly Repayment Options
Pre-approval offers average within 2-4 days of complete submission.
Additional Parameters:
Maximum 15% of annualized revenue (dependent upon margins, industry)
Minimum four (4) years in business
Minimum $3 million in annual revenue
Minimum business and personal credit scores apply.
Tax liens must have a payment plan arrangement with the IRS.
Expansion Term Loan
They are designed to facilitate entrepreneurial growth, whether purchasing new equipment, inventory, hiring staff, or adding locations.
Program Overview:
Transaction sizes range from $1,000,000 to $10,000,000 (higher amounts on select basis)
Fully amortizing terms between 5 to 15 years
Fixed rates and floating starting at WSJ Prime plus a margin of 3.5%
Closing occurs within 4-6 weeks
Target industries include Manufacturing, Distribution, Healthcare, Retail, Professional Services, Technology, and Hospitality (including recognized brands)
Additional Parameters:
Minimum gross revenue of $3 million
Minimum operating history of three (3) years
Bankruptcies must be dismissed/discharged for at least seven (7) years
Equity Participation Considered on a Select Basis.
Targeting A/B credit, all credits that do not conform to this program will be considered for the Short-Term Bridge Program. Unlike SBA or conventional bank financing, this program does not require "additional collateral" in CDs, LOC, etc.
Unitranche Term Facility
It is ideal for hyper-growth companies that require scalable credit term facilities based on current cash flows and quantifiable projected growth. It is a lower cost and favorable structure for lower middle market companies than traditional mezzanine structures to perform aggressive growth strategies or address dividend recapitalization scenarios.
Loan Commitments:
$10,000,000 to $50,000,000
Dedicated syndication capabilities up to $100,000,000
Structures:
Unitranche Debt
Second Lien
Subordinate/Mezzanine Debt
Term:
3, 5, or 7 years
Amortization:
Interest-only
Rate:
Starting at SOFR Plus 6.00%
Minimum MOIC 1.75x
Typical Uses:
• Recapitalizations/Refinancing
• Acquisitions
• Accelerated Growth
Asset Based Lending
It is designed for creative asset-based financing to small & middle-market-sized companies throughout the U.S. This provides capital for dividend recapitalizations, growth, debt restructurings, debtor-in-possession, and turnarounds.
On a non-recourse basis, it can provide financing to hyper-growth companies that require scalable credit lines based on their assets and projected growth. Situational needs involving letters of credit, trade, and supply chain finance are common scenarios. On a select basis, we can provide a non-notification with your customers and provide other performance guarantees within the capital table.
Program Overview:
$3,000,000 to $50,000,000
Dedicated syndication capabilities up to $50,000,000
Revolver:
Up to 90% of eligible accounts receivable (foreign receivables financed in over 30 countries)
Up to 100% of eligible purchase orders with creative terms (will consider in-house light assembly)
Up to 60% of eligible inventory with higher advance rates available based upon appraisal.
Term Loans:
Up to 80% of the liquidation value of equipment
Up to 75% of the appraised fair market value of a real estate
Capital expenditure facilities are available to finance new equipment purchases. It includes M&E, vehicles, processing facilities, aircraft, mining, and other operational critical assets via sale-leaseback structures.
Amortization:
Interest-only- inventory assets
Up to 7 years – equipment loans
Up to 30 years – real estate loans
Typical Uses:
Refinancing/Working Capital
Acquisition
Growth
Distress and Turnaround
Intellectual Property Finance
Leverage the value of a company's intellectual property (I.P.) portfolio to provide non-dilutive, patient capital for commercialization and expansion.
General Financing Parameters:
$10,000,000 to $30,000,000
Dedicated syndication capabilities up to $100,000,000
Structures:
Senior Loans
I.P. Carveouts
Warrants
Royalty Acquisitions
Select Patent Litigation and Judgement Monetization
Term:
3 to 5 years
Amortization:
Interest-only
Returns:
Minimum IRR of 15.00% per annum
MOIC 1.8x to 3.0x
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