STACK FINANCING
Stack Financing
Sample Terms
This program combines two lending platforms into one solution including a senior debt combined with a mezzanine debt. Down payment requirement may be met with appraised value of owned real estate instead of cash.
LOAN TERMS
SENIOR DEBT
LTC:
Interest:
Basis Points:
Pre-Payment:
MEZZANINE DEBT
LTC:
Interest:
Exit Fee:
Pre-Payment:
PERSONAL GUARANTEE:
LOAN TERM:
CLOSING TIME:
LOCATIONS AVAILABLE:
MINIMUM AMOUNT:
ELIGIBLE TRANSACTIONS:
DOWN PAYMENT:
USA & CANADA
$10 Million USD - no Maximum
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Project Developments
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Construction
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Rehab
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Build-Out
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Real Estate or Land
-
Equipment
**Lender will NOT Finance working capital and/or expenses
10% Down
Does not need to be cash. Can include appraised value of owned real estate/land.
70% Loan to Cost
3-month LIBOR
400 Basis Points Interest only fixed to adjust quarterly
No Pre-Payment Penalties
20% Loan to Cost
8% per annum interest only
10 Point Exit Fee
No pre-payment for 3-years
Limited personal guarantees with bad-boy carve outs.
Up to 4 years
100 Days
Good personal credit
Good liquidity at closing
Good personal net worth of principals
No mortgages late in last year
No tax liens
No recent bankruptcies or judgements in last 5 years
CLOSING REQUIREMENTS:
PRE-LOAN COSTS
DUE DILLIGENCE:
ARRANGER'S FEE:
Borrower pays due diligence and underwriting costs prior to funding. Amount is very case-by-case. Typical standard loan underwriting costs (appraisals, feasibility studies, etc.) can be around $20,000 - $50,000 USD.
Upfront Refundable Retainer Fee of $3,500 - $5,000 in most cases*
* This program is offered through one of our trusted Arranging Sources based out of New York City.
This source does charge a fully refundable Retainer Fee in order to proceed with their lending
solution. This source is A+ rated with the BBB for over 20 years. Their retainer is 100% refundable if
no offer is made by the lender or if the terms agreed to are different from the terms offered.