| Enterprise Value Loans |
Real Estate Mortgage Loans |
Combination Loans |
- Based on cash flow multiple & secured by FF&E and leasehold mortgage
- Predominately used by restaurants, specialty retail and auto aftermarket.
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- Used for owner-operator locations, in which the borrower also holds the title to the real estate.
- Traditional real estate valuation supported by third party appraisal
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- Incorporates both an enterprise value approach with a real estate valuation, used primarily with restaurant and specialty retail franchise or licensed units.
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| Third Party Real Estate |
Construction-to Perm Loans |
Sponsored Program Loans |
- Real estate loan product to accommodate landlords of approved branded products.
- Individual units or portfolios
- Low LTV typically 65% - 70% or lower
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- Experienced multi-unit operators for new store development with a conversion feature into a long-term permanent loan.
- Must be part of a refinance or larger established credit facility with cash flow support.
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- Re-imaging
- Brand initiatives.
- Remodel initiatives.
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