Terms and Rates
LOAN-TO-VALUE:
For first mortgages, W Financial will typically lend up to 75% loan to value - to be determined on a case by case basis. Mezzanine and second mortgage loans will be considered on cash-flowing properties for strong Sponsors with a solid track record and meaningful guarantees.
PREPAYMENT:
Our loans typically have no prepayment penalty after a short lockout period.
POINTS:
The origination fee will typically range from 1% to 3% of the total loan amount. In some cases some portion of the origination fee may be structured as an exit fee (deferred until the loan is repaid).
GUARANTY:
Full recourse is usually required.
INTEREST RATES:
Most of our loans are structured with a floating rate. In some cases we can offer a fixed rate or a lower rate coupon with a look-back IRR achievement upon repayment of the loan.
PAYMENT RESERVE:
Depending upon the nature of the loan request and the financial strength of the Sponsor, we may structure the loan with a Payment Reserve to cover all or part of the monthly payments.
To obtain a preliminary quote term sheet, please apply online.
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