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The cost and complexity of mezzanine financing have often hindered investors and their business plans. In keeping with Venture's mission to simplify the lending process and to be a low cost provider. Our mezzanine affiliates are integrated and provide "one stop shopping" for short term financing alternatives with several important distinctions that set it apart from competing mezzanine lenders. We offer rates significantly lower than our competitors, with very flexible prepayment terms, and can consider mezzanine transactions as small as $750,000, a rarity among mezzanine lenders. You can also combine mezzanine financing with Fannie Mae, bridge or conduit financing programs up to 90% of value.
(For a Printable PDF of this program, please click here)
Eligibility Any multifamily or healthcare property that is eligible under any of ARC's permanent financing products is eligible for mezzanine financing
Loan Amounts $750,000 minimum. $10 million maximum
Term/Amortization Up to 10 year term
Interest Rate Competitive rates quoted daily
Debt service coverage ratio 1.15x minimum (1.10x under special circumstances)
Loan to value 85% maximum
Personal recourse Varies by transaction
Prepayment Varies by transaction
Origination Fee 1.5 - 2.0% / $25,000 minimum
Commitment Fee
Third Party Fees Includes legal, appraisal, engineering, and environmental reports. Seismic reports and survey may also be required
Security Pledge of LP or LLC interests or second mortgage
Intercreditor Agreement Required
Taxes and Insurance Impounds
Assumability
Supplemental Mortgages
Venture Placement Fee 1% to 2% dependent on property