Acquisition and Refinance for Commercial Real Estate

With Bridge and Permanent Options for Property Owners

Our Loan Parameters

	Permanent	Bridge
Loan Amount	$3 Million to $50 Million (Can provide more than $50 MM on a case-by-case basis)	$5 Million to $50 Million (Can provide more than $50 MM on a case-by-case basis)
Primary Focus	Stabilized properties in 80 PLUM Select markets in addition to larger primary and secondary markets	Acquisitions, recapitalization of business plans that entail value-add, transitional or stabilized properties where additional seasoning or flexible prepayment is required
Debt Yield	In-place debt yield of 7.5% & up	Target minimum exit debt yields 8% to 10% (depending on the property size and location)
Collateral	First Mortgages	First Mortgages
Pricing	Fixed rates price over Treasuries (Current Coupons range from 3.50% to 4.50%)	Floating starting at LIBOR + 275 bps
Loan Term	5-10 years and up to 20 on a case-by-case basis	1-5 years including extensions
Maximum LTV/LTC	LTV Up to 75% (Up to 85%)	Typically 80% of cost, and in certain cases as much as 90% LTC
Recourse	Flexible	Flexible
Prepayment	Flexible	Minimum interest or yield maintenance
Amortization	Up to 30 years with partial or full-term interest-only available	Generally interest-only, with amortization structured on a case-by-case basis
Fees	Origination Fees: 0-1%	Origination Fees: 1% Exit Fees: 1%

Customized Lending

PLUM Lending is a full service commercial real estate lender that provides creative structured finance solutions. We specialize in the capitalization of middle-market commercial real estate properties nationwide with a focus on secondary markets.

Explore My Loan Options

Properties We Finance

Multifamily

Office

Retail

Hospitality

Industrial & Self Storage

Mobile Home & RV Park

We Simplify the Loan Process

1. Knowledgeable Consultation

A quick phone call with your dedicated loan originator to go over your specific scenario.

2. Secure Document Submission

Submit initial required financial documents discussed in the consultation to obtain a loan quote.

3. Term Sheet Issued

Once documentation is reviewed, you will receive a non-binding term sheet for discussion. PLUM will then issue you an official application on agreed-upon terms.

4. Loan Application Approved

Your loan passes through underwriting and third-party reports are completed. Once approved, loan documents will be drawn, and your loan moves to closing.

5. Loan Funded

Congratulations. You can rest easy knowing that you have acquired the right loan for your particular needs.

“ What really impressed me about my experience with PLUM is that this is the first time I’ve felt like a lender was on my side. When I talk to them it’s like I’m talking to someone on my team. They make the customer feel like they win, and I’d love to work with them again. “

RV Park, Montana

“I felt such a sense of relief that I was able to get a 20 year fixed-rate loan, as that was really important to me. “

Multifamily Property, California