Terrace Capital offers commercial real estate loans and structured finance solutions for a variety of circumstances, with loan amounts as low as $1MM. TC advises clients on a wide range of capital structures available to ensure the most favorable financial solution is achieved. Terrace Capital’s approach consists of a clear identification of the client’s requirements and possible structures, resulting in an optimal financial solution.

Loan Amount:
$1MM and up

Early Rate-Lock:
Available: Up to 12 Months, subject to asset quality

Loan Term:
3- 30 years

Property Types:
Multifamily, Student Housing, Independent Living, Senior Housing, Mobile Home Community

Lien Type:
First Mortgage/ Deed of trust

Loan-to-Value:
Up to 80% of appraised value

DSCR:
Minimum of 1.20x

Origination fee:
0-1%

Exit Fee:
None

Prepayment:
Step- down, Yield Maintenance or Defeasance

Recourse:
Non-recourse, subject to standard carve-outs