Lending Programs
Hillcrest Finance is a real estate investment management firm specializing in the origination and management of high quality, middle market, first mortgage and subordinate (mezzanine and preferred equity) credit solutions on behalf of the firm’s institutional investors through separate accounts and a commingled fund. The Firm targets investments in stable/core plus, transitional/value add, and event driven activities/opportunities secured by multifamily and commercial properties located in primary and secondary markets nationwide.
Title | Senior Loan | Subordinate Debt |
|---|---|---|
Minimum Loan Amount | $10.0M | $5.0M |
Loan Term | 2 to 10 Years | 2 to 5 Years |
LTV/LTC | Up to 75% | On a Deal-by-Deal Basis |
DSCR/Debt Yield | No Minimum Requirements | No Minimum Requirements |
Interest Rate | Fixed and Floating Rate | Fixed and Floating Rate |
Payment Features/Amortization | Interest Only Amortization on Select 10-Year Fixed Rate Loans | Interest Only Combination of Current, Accrued, and/or Equity Participation |
Payment | Flexible | Flexible |
Asset Types | ||
Sponsor | ||
Recourse |
Non-recourse except for customary "bad boy" carveouts
Focus on multifamily, office, retail, industrial, hospitality, and mixed-use. Other asset classes, such as SFR, self-storage, student housing, marinas, and RV parks, are to be considered on a deal-by-deal basis.
Established track record and satisfactory net worth and liquidity
