Our commercial loans are secured by commercial or residential real estate or land or a borrower’s pledge of its ownership interest in the entity that owns the real estate. The first mortgage loans we typically invest in or originate, are for commercial or residential real estate located in the United States with either a fixed or floating rate and – if acquired – are current or performing. Some of these loans may be syndicated in either a pari passu or senior/subordinated structure.
- Daytona Beach Shores, Florida
- $3mm First Mortgage
- Rate: 11% fixed
- Maturity: Aug 2018
- Max Maturity: July 2019