Edgewood’s Mezzanine Lending Program is designed to offer borrowers additional funding for ground-up development projects and transitional assets. Our lending team has experience working with senior lenders to make sure there are no issues with inter-creditor documentation and that each deal is properly structured. We originate, hold, and service all of our loans. We provide high-quality customer service to build long-term relationships with our borrowers.
|Loan Size||$2 million - $20 million|
|Interest Rate||Rates starting at 12%|
|Security||Pledge of ownership/partnership interest in the borrowing entity|
|Leverage||Max 80% LTC|
|Property Types||Commercial Real Estate (Multifamily, Office, Industrial, Retail, Mixed-use, Hospitality, and Healthcare)|
|Points||2-3% of the loan amount to be paid from loan proceeds at closing|
|Closing||10 – 15 Business Days|