Hello,

Please take a look below on our commercial note loan, if you like to proceed, please send me an email or a call, thanks.
There aren’t many national lenders in the United States that have the capability and expertise to finance one-off note purchases secured by commercial real estate. Were one of the select few. Our loans range from $1 million to $20 million per note, and we’re capable of funding larger loan portfolio acquisitions.
 

Our forward-thinking note purchase loan automatically converts to a bridge/mini perm loan when the underlying property is foreclosed upon. This non-recourse mortgage — which includes lease-up facility and other benefits — allows time to stabilize the property. You’ll get the security and certainty you need to make the most of your purchase.

  • One-off loan-on-loan
  • $1 million-$20 million per note — and beyond
  • Enhances IRRs

Terms:

For any questions or needs that you have that are not addressed within these lending terms, please contact us by phone or email, as indicated to the right.

Property Types Office, retail, industrial, multifamily, self-storage, mixed use, and mobile home parks. Hospitality considered on a deal-by-deal basis
Status Notes secured by first mortgages on existing buildings (no ground-up construction)
Quality Class A and Class B. Class C considered on a deal-by-deal basis if mitigating factors
Location Nationwide in primary and secondary markets
Borrowing Entity Single purpose entity
Collateral Initially UCC-1 collateral assignment of underlying note, converting to first mortgage once title to property is obtained
Initial Loan Amount Initial funding for individual properties typically from $1 million to $20 million.
Additional Loan Amount for CapEx Additional future funding available
Additional Loan Amount for TI/LCs Additional future funding of up to 100% for lease-up costs
Loan-to-Value Up to 70% (typical LTV is 60-65%). Stretch LTVs up to 80% considered on a deal-by-deal basis
DSCR No Minimum
Loan Term Up to 7 year loans (3-5 year terms plus extensions)
Recourse Non-recourse to key principals with standard bad act carve-outs
Origination Fee Determined by quality of property, strength of sponsor, and loan characteristics
Rate Type Fixed or floating
Interest Rate Interest-only rates competitive with bank and CMBS mortgage constants
Exit Fee Determined by quality of property, strength of sponsor, and loan characteristics
Reserves An amount as determined by borrower and Capital
Prepayment Loan can be prepaid at any time. A reasonable minimum interest period aligned with each borrower’s specific business plan is typically required

diamondinvestor@outlook.com 

Office: 225.247.8976 
This transmission may contain information that is privileged, confidential, legally privileged, and/or exempt from disclosure under applicable law. If you are not the intended recipient, you are hereby notified that any disclosure, copying, distribution, course of the information contained herein (including any reliance thereon) is STRICTLY PROHIBITED. Although this transmission and any attachments are believed to be free of any virus or other defect that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by Partners and its affiliates, as applicable.

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