Rate Matrix :

Rates are changing rapidly. Please reach out and I will share my daily take with you. Note that LTV is not applicable in most situations as the DSCR is more restrictive in this interest rate environment and upfront sizing is based on a stressed interest rate that varies slightly with bank policies.

Property Type	Availability	Term	Amortization	Spread	All in Rate	Sizing LTV/DSCR	Fixed Vs. Floating
Multi Family	Construction Good/Limited in some locations Permanent Excellent on Stabilized Properties	Construction 24 – 36 months plus mini-perm options 5 + 5 year Permanent 5 – 30 years	25 – 30 years	Construction 210-350 over SOFR Permanent 150-350 over SWAP or Treasury	Construction 6.82%-8.22% Permanent 4.88%-6.60%	65% - 80% 1.20x – 1.30x i.e. High LTV Limited, most likely constrain is DSCR	Construction Floating to fixed at mini-perm extension Permanent Fixed
Single Family 4+ Units Revolver	Accessible but becoming more limited due to increase in interest rates for home owners	24-36 months	Interest Only with release paydown provisions	-1.0%-1% over Prime Rate	7.0%-9.0%	60%-70%	Floating some lenders fixing due to raising interest rate environment
Retail	Construction Easing but Limited unless high credit rating of tenant (require preleasing & cash reserve) Permanent Good on stabilized	Construction 24 months plus mini-perm options 5 – 10 years Permanent 5 -30 years	15 – 30 years (location may restrict to straight line with term of lease)	Construction/ Non-Stabilized 250-500 over SOFR w/floor Permanent 150-350 over SWAP or Treasury	Construction 7.22% - 9.72% Permanent 4.885% - 6.60%	55% - 75% 1.20x – 1.35x	Construction Floating to fixed at mini-perm extension Permanent Fixed
NNN Lease	Excellent to Good (require preleasing of credit tenant)	5 – 30 years	10 – 30 years	Varies heavily contingent on tenant credit and term of lease	Varies heavily contingent on tenant credit and term of lease.	CTL similar to gov’t bond up to 100% LTV Other 65% - 75% 1.00x – 1.30x	Construction Floating Permanent Fixed
Office/ Industrial/ Flex/ Self-Storage/ Cold-Storage	Excellent for all but office. While office under normal times falls into this category it is only available on a very select basis today such as build-to-suit.	Construction 24 months plus mini-perm options 5 – 10 years Permanent 5 -30 years	15 – 30 years	Construction 225-350bps over SOFR Permanent 225-375 over SWAP or Treasury	Construction 6.97%-8.22% Permanent 5.35%-6.85%	60% - 75% 1.20x – 1.30x	Construction Floating to fixed at mini-perm extension Permanent Fixed
Hospitality	Extremely Limited (sponsor needs to be highly liquid, cash reserve highly likely) Alternative lenders more engaged than traditional funding	Construction 24 – 36 months plus mini-perm options 5 + 5 year Permanent 5 – 25 years	20 – 30 years	Construction Bank financing unlikely Permanent CMBS & Conduit very challenge	Construction Non-conventional 7% to mid-teens Permanent Non- conventional 7% to mid-teens	50% - 65% 1.25x-1.45x	Construction Floating to fixed at mini-perm extension Permanent Fixed
Mezzanine, Bridge and non-conventional such as Debt Funds, Mortgage REITS, Online Lending Platforms and Developers financing Other Developers: Loans can vary a great deal with rates ranging from 8% to mid-teens.

This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk.