Real Estate Credit
Offering flexible debt capital to middle market real estate property owners and operators.
Blue Vista’s Real Estate Credit 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.
LENDER HIGHLIGHTS
♦ Balance Sheet Lending
♦ Non-Securitization Platform
♦ Institutional Capital Base
♦ In-House Asset Management
GENERAL LOAN TERMS
| Loan Term | Description |
|---|---|
| Loan Size Range | $10 to $100+ million |
| Loan Term | Floating Rate: 3-5 years | Fixed-Rate: 5,7 or 10 years |
| Leverage | Up to 75% of value |
| DSCR Requirement | Transitional Value-Add: Sub 1.0x considered | Core+ Transitional: 1.25x or greater |
| Debt Yield Requirement | Generally 7-10% on stabilized pro forma net cash flow (determined per deal) |
| Interest Rate | Floating Rate: Competitive LIBOR-based pricing | Fixed-Rate: Competitive pricing |
| Fees | Origination Fee: Typically 1.0% of loan amount | Exit Fee: Typically 0.50% of loan amount | Par pricing for fixed-rate loans |
| Amortization | Dependent on property and loan |
| Property Types | Residential (multifamily/student/MHC/SFR), industrial, office, self-storage, retail, mixed-use |
| Location | United States |
| Security | First mortgage |
| Borrower Entity | Special purpose entity |
| Reserves | Adequate for TILC, capital improvements, debt service and other (as needed) |
| Prepayment | Floating Rate: Minimum 12-month yield maintenance | Fixed Rate: Yield maintenance with up to 12 months open at par |
| Recourse | Non-recourse, subject to standard carve-outs |