FINANCING CRITERIA
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Real Estate Type:
Geographic Preference: Investment Amount: Term: Leverage: Sponsor Equity Contribution: Loan/Equity Structure: Pricing: Recourse: 3rd Party Agreements: Sponsor: H.G. Fenton Company Strengths: |
Industrial, Office, Retail, Multifamily, For Sale Attached or Detached Residential, Mixed Use, or Land Development
Southwestern United States Up to $20 million (sweet spot is $3 to $15 million) Average 3 year duration; Maximum 5 years Up to 98% LTC No less than 2% of costs Flexible; JV equity or mezzanine/subordinated debt Deal dependent; sweep to targeted yield and/or preferred return with profit splits Typically non-recourse to the principals with standard non-recourse carve-outs; completion guarantee Intercreditor agreement with senior lender Experience in subject product type, strong local market knowledge, strong values and integrity, proven track record, relationship driven Flexible, non-institutional, strong knowledge of real estate development and management, relationship oriented, quick turnaround, 100-year-old company |