Middle Market Lending
Offering flexible debt capital to middle market real estate property owners and operators.
Blue Vista’s Middle Market lending platform pairs the firm’s capital markets expertise with its industry-leading Middle Market acquisition and asset management capabilities. The platform offers investors creative first mortgage bridge lending solutions to enable real estate owners to re-position and optimize the value of their properties. Our lending range of $5-50 million per property means that we focus on local multifamily, retail, office, industrial, and hospitality properties. For each loan, Blue Vista’s experienced team evaluates the integration of the underlying property in its sub-market to help determine income sustainability and value.
GENERAL LOAN TERMS
| Title | Description |
|---|---|
| LOAN SIZE | $5 to $50 million |
| LOAN TERM | 3 to 5 years (average) |
| PROPERTY TYPES | Multifamily, hospitality, office, retail, industrial (others to be decided on a per deal basis) |
| LOCATION | National |
| SECURITY | First mortgage |
| BORROWER ENTITY | Special purpose entity |
| LEVERAGE | Up to 75% of total costs/stabilized value |
| INTEREST RATE | Competitive LIBOR-based pricing |
| ORIGINATION FEE | 1% of loan amount |
| EXIT FEE | Up to 1% of loan amount |
| RESERVES | Amount adequate for TILC, capital improvements and other reserves. Future funding may be available per-deal. |
| DSCR REQUIREMENT | To be determined on a deal-by-deal basis |
| DEBT YIELD REQUIREMENT | Not less than 8-10% on stabilized pro forma net cash flow (determined per deal) |
| PREPAYMENT | Minimum 12-month lockout/yield maintenance period |
| RECOURSE | Non-recourse, subject to standard carve-outs |