Loans
Debt portfolio as of Aug 26 close. SOFR 30-day 3.65% · Prime 6.75% · Fed Funds 3.63%
Total debt
$355.5M
10 loans · $373.6M committed
Weighted rate
4.87%
Balance-weighted
Portfolio LTV
65.4%
Debt / purchase basis
Portfolio DSCR
1.42x
All above 1.20x
Maturing in 24 mo
$185.5M
6 loans
| Oakridge Plaza | Fund I | Truist | $20,500,000 | $19,500,000 | 5.10% | SOFR + 145 | 25-yr amort | 12/01/26(4 mo) | $1,380,951 | 62.9% | 9.9% | 1.40x |
| Harbor Point Tower | Fund I | MetLife | $61,500,000 | $58,000,000 | 4.40% | Fixed | 25-yr amort | 01/01/27(5 mo) | $3,829,195 | 63.0% | 9.6% | 1.46x |
| Meridian Center | Fund III | Bank OZK | $45,000,000 | $37,700,000 | 6.75% | SOFR + 310 | Interest only | 02/01/27(6 mo) | $2,542,940 | 65.0% | 9.4% | 1.39x |
| Cedar Creek Villas | Fund I | Regions Bank | $12,000,000 | $11,200,000 | 4.25% | Fixed | 25-yr amort | 05/01/27(9 mo) | $728,096 | 56.6% | 10.9% | 1.67x |
| Main Street Market | Fund I | First Citizens | $8,750,000 | $8,100,000 | 4.90% | Fixed | 20-yr amort | 03/01/28(19 mo) | $636,120 | 55.9% | 11.2% | 1.43x |
| The Marlowe | Fund II | Wells Fargo | $53,000,000 | $51,000,000 | 4.85% | Fixed | 30-yr amort | 04/01/28(20 mo) | $3,229,474 | 65.0% | 8.7% | 1.37x |
| Northgate Logistics Center | Fund III | PGIM | $46,000,000 | $46,000,000 | 5.62% | SOFR + 197 | Interest only | 03/01/30(43 mo) | $2,582,992 | 64.8% | 7.7% | 1.36x |
| Lakeview Lofts | Fund II | Fannie Mae | $38,000,000 | $36,500,000 | 3.98% | Fixed | 30-yr amort | 10/01/31(62 mo) | $2,086,032 | 67.6% | 8.1% | 1.41x |
| The Arbor at Westlake | Fund II | Freddie Mac | $44,000,000 | $42,700,000 | 3.55% | Fixed | 30-yr amort | 11/01/31(63 mo) | $2,315,230 | 70.0% | 7.6% | 1.40x |
| Riverside Commons | Fund II | Freddie Mac | $44,800,000 | $44,800,000 | 5.21% | Fixed | Interest only | 08/01/32(72 mo) | $2,334,080 | 70.0% | 7.5% | 1.43x |
| Total | $373,550,000 | $355,500,000 | 4.87% | $21,665,110 | 65.4% | 8.6% | 1.42x | |||||