Basis offers a wide range of investment offerings.

Loan Amount

$5 – $150 million

Term

3- to 10-year terms

Loan-to-value (LTV)

Up to 85%

Debt Yield

Tailored to each transaction

Purpose

Acquisitions, Refinancing, Repositioning, Workouts, Recapitalization

Loan Type

Fixed or SOFR-based floating rate loans (current/accrual features where necessary)

Pricing

Competitive pricing tailored to each transaction

Amortization

Negotiable, typically Interest-Only

Recourse

Non-recourse except for certain standard carve-outs

Fees

Negotiable, generally 1% origination and 1% exit fee

Prepayment

Flexible

Property Types / Geography

Multifamily*, Retail, Office, Industrial, Hospitality and Self-Storage properties located in primary and secondary markets throughout the U.S.
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*Can provide joint venture preferred equity behind GSE mortgages

Loan Amount

$15 – $150 million; may go higher in select cases

Term

3-year term with two (2) x 1-year extension options

Loan-to-value (LTV)

Up to 70% for stabilized commercial and hotel
Up to 75% for stabilized multifamily

Debt Yield

Tailored to each transaction

Purpose

Acquisition, Refinancing, Repositioning, Workout, Recapitalization

Loan Type

SOFR-based floating rate loans

Pricing

Competitive pricing tailored to each transaction

Amortization

Interest-Only

Recourse

Non-recourse except for standard carve-outs

Fees

Negotiable, generally 1% origination and 1% exit fee

Prepayment

Flexible

Property Types / Geography

Multifamily, Retail, Office, Industrial, Hospitality, Mobile Home Parks and Self-Storage properties located in primary and secondary markets throughout the U.S.

Investment Amount

$7 – $20 million; may go higher for extraordinary opportunities

Hold Period

3 to 5 years; may go higher for extraordinary opportunities

Risk Type

Value-add opportunistic risk (including ground-up development for certain asset types)

Loan Amount

$5 – $100 million; smaller and larger loans will be considered

Term

5- to 10-year terms

Loan-to-value (LTV)

5- to 7-year term: 75%
7-year term or greater: 80%

Rate Lock

Early rate-lock options available for varying durations, typically ranging from 60 to 120 days until Freddie Mac purchase; Index lock option is also available

Purpose

Acquisition or Refinance

Pricing

Tiered pricing based on DSCR and LTV

Amortizing DSCR

1.25x for most markets (can reduce to 1.20x for certain markets)

Amortization

Max: 30 years; Partial and Full-Term IO available depending on LTV and DSCR
Floating Rate Option: available priced over SOFR; 1-year lock-out, prepayable thereafter with 1% fee

Recourse

Non-recourse except for standard carve-outs

Prepayment

Yield maintenance until securitized followed by 2-year lock-out, defeasance thereafter. No prepayment premium for final 90 days. If loan is not securitized within first year, then yield maintenance applies until the final 90 days. Yield maintenance without defeasance is available for securitized loans at an additional cost.

Property Types

Standard Multifamily, Student Housing, Manufactured Housing Communities, Cooperative Housing and Targeted Affordable Housing

Eligible Borrower

May be LP, S/C-Corp, LIC, or TIC with 10 or fewer tenants in common. GPs, LLPs, REITs and certain trusts may also be acceptable in limited circumstances, subject to additional requirements. Borrower must usually be a Single Purpose Entity (SPE), however, on loans less than $5 million, upon borrower's request, a borrower other than a TIC may be a Single Asset Entity instead of an SPE. If the borrower is structured as a TIC, each tenant in common must be an SPE.

Loan Amount

$1 to $100 million (larger loans can be considered)

Term

5- to 30-year terms

Loan-to-value (LTV)

80% for Conventional properties; LTV varies by asset class or product type

Rate Lock

30- to 180-day commitments; borrowers may lock rate with the Streamlined Rate Lock option

Purpose

Acquisition or Refinance

Pricing

Tiered pricing based on DSCR and LTV

Amortizing DSCR

1.25x for Conventional properties
See specific asset class or product type term sheet for details

Amortization

Up to 30 years

Recourse

Non-recourse except for standard carve-outs for most loans greater than $750,000

Prepayment

Yield maintenance or prepayment premium

Property Types

Standard Multifamily, Student Housing, Manufactured Housing Communities, Cooperative Housing and Targeted Affordable Housing

Eligible Property

Properties must have stabilized occupancy (typically 90%) for 90 days prior to funding. Loan commitments for pre-stabilized properties will be considered on a case-by-case basis.

Loan Amount

$10 – $75 million; may go higher in select cases

Term

5 to 10-year terms

Loan-To-Value (LTV)

Up to 75%

Debt Yield

Tailored to each transaction

Purpose

Acquisition, Refinancing

Loan Type

Fixed

Pricing

Competitive pricing tailored to each transaction

Amortizing DSCR

1.30x (can be reduced to 1.25 for certain opportunities)

Amortization

Up to 30 years; Partial and Full-Term IO available depending on LTV and DSCR

Recourse

Non-recourse except for certain standard carve-outs

Prepayment

Treasury defeasance after the earlier of (i) two years after a securitization or (ii) three years from the closing date. Open 90 days prior to maturity.

Property Types / Geography

Multifamily, Retail, Office, Industrial, Hospitality, Mobile Home Communities, and Self-Storage properties located in primary and secondary markets throughout the U.S.