CFG

The program offers interim financing on income production properties. The higher leverage allowed for "bridge" financing gives owners the flexibility they need to reposition and stabilize properties. Conventional loan programs are available to provide permanent financing upon stabilization, creating a seamless exit.

MINIMUM LOAN: $5,000,000.00 LOAN TERM: 12 to 36 Months. Extension options available AMORTIZATION: Interest only or fixed principal paydowns MINIMUM DSCR: 1.10x "As Is" - 1.20x - 1.25x at Exit MAXIMUM LTV: 90% "As Is" - 75% - 80% at Exit INTEREST RATE: Floating rate over LIBOR index. Spread varies based on risk and terms ELIGIBLE PROPERTY TYPES: Apartments, Office, Retail, Hospitality, Industrial and others ELIGIBLE BORROWER: Single Asset Entity SPONSORSHIP: Good overall credit with sufficient liquidity and demonstrated experience completing similar projects TAX AND INSURANCE ESCROWS: Monthly Deposits Required REPLACEMENT RESERVES: Monthly deposits Required SECURITY: First mortgage lien on subject property. If applicable, additional credit enhancement (recourse, other collateral, letter of credit or other guarantees) to be determined REQUIRED REPORTS: MAI Appraisal, Property Condition Assessment, Phase I and others if applicable SUBORDINATE FINANCING: Mezzanine if provided by CFG or an approved third party lender SUPPLEMENTAL LOANS: Eligible for secondary financing after 12 months subject to approval CLOSING COSTS: Deposit required for third party reports, processing costs, title and legal. Travel and other standard costs if an when applicable ORIGINATION FEE: Minimum 1% to 3%. (In Addition to Closing Costs)

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Program availability and terms may change without prior notice.

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