City Center Real Estate Mezzanine Loan Program

 

ATCO offers mezzanine loans for central business district (CBD) office and retail properties. Our expertise in this property type and in our targeted markets enables us to price the opportunity more effectively and to make decisions more quickly than most alternative providers.

 

Our geographic scope spans the CBDs of the top 100 MSAs. Locations should be “pedestrian oriented,” with WalkScores of 85 or greater.

Preferred markets include Austin, Nashville, Charlotte, Raleigh-Durham-Chapel Hill, Denver, and Salt Lake City. We also target locations within ¼ mile of commuter-rail station in the New York City region.

 

Preferred equity structure is also available.

 

CRITERIA

Loan Size

$1,000,000 - $5,000,000

 

Collateral

Loan is made to an entity that is the parent of Borrower of first mortgage debt secured by property;
such parent pledges its entire ownership interest in the Borrower(s) to secure its debt.

 

Term

One- to five-years (co-terminus with first mortgage)

 

Loan-to-Value

Up to 85% LTV. 90% LTV in special circumstances

 

Recourse

Non-recourse except typical carve-outs

 

Rate

Generally L+8% - L+12%