Loan features           Transitional    Type of Property            Any commercial property                                                                                             Loan Size                       $5MM to $100MM                                 Collateral                         Senior Mortgage Loan to Value                  Up to 85% of ARV        Pricing                               Starting at 9% Funding Fees                  2% to 4% Debt Service                   1:1 Closing time                    Three to five weeks Terms                               1 to 5 years Borrowers                        Special purpose entities controlled                                        by experience owners and operators                                      of commercial properties