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.