Loan Programs

Floating Rate

Bedrock offers a Floating Rate Lending Program.
Below is a sample of general parameters:

Loan Term 3 to 5 years (includes extensions)
Collateral Type Combination of first mortgage A-note and mezzanine loan or B-note
Loan Amounts Target $5 Million and Up
Property Types Office (and Medical Office), Retail, Mixed Use, Industrial / Distribution, Multifamily, Hospitality and Other
Eligible Markets All U.S. Markets
Maximum LTV/LTC Up to 85% (depending on Asset Quality and Market)
Minimum DSCR Transitional to stabilized, cash flowing assets
Interest Rates Market Rate spreads plus one-month LIBOR
LIBOR Caps TBD based upon cash flow and DSCR
Origination Fee 1%
Amortization Typically interest only (other amortization structures as appropriate)
Non-Recourse Standard lender carve-outs
Escrows Taxes & Insurance; replacements, TI & LC as appropriate
Other Features Loan structures are tailored to each individual transaction and may include upfront reserves or future fundings for capital improvements, TI/LC, debt service, springing recourse and/or other structural features as deemed necessary