Lending Parameters

We are now funding Debtor in Possession financing (DIP financing). This is a special form of financing granted to companies in financial trouble. Usually these companies are in a Chapter 11 bankruptcy. The unique feature of a DIP loan is that the bankruptcy court usually grants a super-priority status to the new loan. This means that the new loan gets to jump in front of any mezzanine financing and any senior mortgages in the debt stack. 

Tablerock Capital Partners has substantive experience in these types of projects and can provide DIP financing. Please go to the Contact Us page if you are interested in securing such financing. 

Eligible Property Types

Multi-family Apartments

Grocery Anchored Retail Shopping Centers
Mixed Use
CBD Office
Suburban Office
Medical Office
Student Housing
Warehouses / Distribution / Flex
Flagged Hotels
Parking Garage
Self Storage
Condo Unit Inventory Loans

Geography (Tier 1 Markets in US)

Multi-family anywhere in USA

New York City Houston
New York – Metro Los Angeles
Boston Miami
Philadelphia Memphis
Washington DC Nashville
Atlanta Phoenix
Austin Portland
Charlotte San Diego
Chicago San Francisco
Dallas Salt Lake City
Denver Seattle

OTHER TIER 1 MARKETS WITH 500,000+ 
MSA CONSIDERED

 

 

All First Mortgages:

Loan / Deal Sizes ($2,000,000 – $30,000,000+)

First Mortgages

Loan to Value Ratio: Up to 75%
Interest Rate: 10 – 14% 
Term: 1 – 3 years 
Amortization: Interest Only
Recourse: Preferred 
Origination Fee: 2 – 3 Points
Exit Fee: None 
Extensions: Yes 
Extension Fee: 1/2 – 1 Point 
Borrowing Entity: Special Purpose Entity

Purchasing Distressed Debt

Loan to Value Ratio: Up to 75% 
Interest Rate: TBD 
Term: 1 – 5 Years 
Amortization: TBD 
Recourse: TBD 
Origination Fee: 2 – 3 Points
Exit Fee: None 
Extensions: Yes 
Extension Fee: 1/2 – 1 Point 
Borrowing Entity: Special Purpose Entity 

Financing Third Parties
Purchasing Distressed Debt

Loan to Value Ratio: Up to 75% 
Interest Rate: TBD 
Term: 1 – 5 Years 
Amortization: TBD 
Recourse: TBD 
Origination Fee: 2 – 3 Points
Exit Fee: None 
Extensions: Yes 
Extension Fee: 1/2 – 1 Point 
Borrowing Entity: Special Purpose Entity