Terms and Rates

INTEREST RATES:

While rates of 10% to 12% are typical for quick-close, short term bridge loans, W Financial will also consider rates as low as 8% with terms as long as three years for qualifying cash-flowing, multi-tenanted properties. 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.

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 only be considered on cash-flowing properties for strong Sponsors with real expertise 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:

Most loans are structured with full recourse.

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 email newloans@w-financial.com or call David Heiden at (212) 684-2283 x114