Financing

Mezzanne and Preferred Equity Investments by owners who understand and respect vour
FINANCING

Structured Financing – Mezzanine

Linden Lane’s mezzanine financing products give owners access to greater proceeds than available through conventional financing. Linden Lane’s products can be used in conjunction with new or existing mortgage loan financing.

LOAN AMOUNT

$5M minimum; generally $20 maximum
}

LOAN TERM

Generally 1 to 4 years

AMORTIZATION

Interest-only or fixed principal pay downs
Q

MINIMUM DSCR

None required

MAXIMUM LTV

Up to 85% as-is; 75% as-stabilized

INTEREST RATE

Floating rate over LIBOR index or Fixed; rates vary based on risk profile between 8.50% – 13.5%.
N

ELIGIBLE BORROWER

Single asset entity

SPONSORSHIP

Established track record with appropriate net worth and liquidity commensurate with a transaction
~

SECURITY

Pledge of ownership interests secured by UCC or preferred equity position. Additional credit enhancement (recourse, other collateral, letter of credit or other guarantees) to be determined
i

REQUIRED REPORTS

Possibly an Appraisal, Property Condition Assessment, Phase I Environmental.

PREPAYMENT

Generally permitted with minor yield maintenance

LENDER FEE

Origination and exit fees to be determined
FINANCING

Structured Financing – Preferred Equity

Linden Lane’s preferred equity products give owners access to greater proceeds than available through conventional financing. Linden Lane’s products can be used in conjunction with new or existing mortgage loan financing.

LOAN AMOUNT

$5M minimum; generally $20 maximum
}

LOAN TERM

Generally 1 to 4 years

AMORTIZATION

Interest-only or fixed principal pay downs
Q

MINIMUM DSCR

None required

MAXIMUM LTV

Up to 85% as-is; 75% as-stabilized

INTEREST RATE

Floating rate over LIBOR index or Fixed; rates vary based on risk profile between 8.50% – 13.5%.
N

ELIGIBLE BORROWER

Single asset entity

SPONSORSHIP

Established track record with appropriate net worth and liquidity commensurate with a transaction
~

SECURITY

Preferred equity position in the borrower’s organizational structure; additional credit enhancement (recourse, other collateral, letter of credit or other guarantees) to be determined
i

REQUIRED REPORTS

Possibly an Appraisal, Property Condition Assessment, Phase I Environmental.

PREPAYMENT

Generally permitted with minor yield maintenance

LENDER FEE

Origination and exit fees to be determined