To help you qualify for the latest secure harbor, good mezzanine loan have to fulfill the following criteria:
LTV percentages are generally conveyed due to the fact a percentage of your own collateral’s appraised worthy of. Such as for example, if the equity has actually an enthusiastic appraised property value $100 billion therefore the lender’s maximum let LTV proportion is actually 55%, then your loan amount will most likely not exceed $55 mil. (more…)
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