Stonehill, a direct commercial real estate lender, is actively providing permanent loans, bridge loans, mezzanine loans, pace loans and preferred equity investments secured by real estate assets. Founded in 2013, Stonehill provides creative finance solutions for acquisitions, recapitalizations, refinancing, repositions and renovations. The firm has originated or acquired over $5.1 billion in loans and completed more than 450 transactions. The principals of Stonehill have combined to originate, structure or purchase over $10 billion of debt.
| Programs | Permanent | Bridge | Construction | Mezzanine | Preferred Equity | PACE | Retro PACE |
|---|---|---|---|---|---|---|---|
| Amount | $10M – $100M | $10M – $100M | $15M – $100M | $3M – $20M | $3M – 20M | $1M -$100M | $1M – $100M |
| Rate | Starting at 7.00% | Starting at 9% | Starting at 11% | Starting at 14% | Starting at 13% | Fixed starting at 7.00% | Fixed starting at 7.00% |
| Amortization | Interest Only | Interest Only | Interest only available | Interest only or matched to senior |
N/A | Up to 30 years | Up to 30 years |
| Purpose | Acquisitions and Refinances (other scenarios considered) | Acquisitions Recapitalization Construction Takeout Renovation/Conversions Gap Financing DIP/Distress/Rescue Capital Pre-Development |
Ground up Construction Acquisition & Horizontal Development NNN | Acquisitions Recapitalization Construction Takeout Renovation/ Conversions Gap Financing DIP/Distress/Rescue Capital Pre-Development |
Acquisition Recapitalization Renovation Rescue Capital CMBS Loan Assumption Partner Buyout |
New Construction Renovation Recapitalization | Create liquidity for eligible projects under construction or completed within the last 36 months in CA, CO, CT, DC, FL, MI, MO, NE, NY, TX, PA, OH, UT, WA, WI |
| Loan To Value | Up to 65% LTV | Up to 75% LTV | Up to 75% LTV | Up to 85% LTV | Up to 95% LTV | Up to 30% LTV | Up to 30% LTV |
| Loan To Cost | Up to 65% LTC | Up to 75% LTC | Up to 75% LTC | Up to 85% LTC | Up to 95% LTC | Up to 35% LTC | Up to 35% LTC |
| Loan Term | 5 to 10 years | 1 to 5 years | 2 to 5 years | Matched to senior loan | N/A | Up to 30 years (no payments up to 2 years) | Up to 30 years (no payments up to 2 years) |
| Loan Fee | 1 – 2% | 1% to 2% | 1% to 2% | 1% to 2% | 2% | 1.00% | 1.00% |
| Guarantees | Recourse and Non-Recourse | Recourse and non-recourse | Recourse and nonrecourse | Recourse and non-recourse | N/A | Non-recourse and flexible prepayment |
Non-recourse and flexible prepayment |