Trinity Street Capital Partners (TSCP) offers permanent loans on commercial and residential properties with loan amounts from $5MM to $150MM.
Property types including the following; multifamily, student housing, senior housing, manufactured housing, office, retail, industrial, self storage and hotels.
The permanent loan program generally assumes the property is stabilized or near-stabilized, allows for cash out and full term interest only (IO) options are available.
Our permanent loans are assumable, generally underwritten to financial statements, not tax returns and are non-recourse. Closing can occur in as quick as 30 days.
Loan Amount:
$5MM and up
Early Rate-Lock:
Subject to transaction quality
Loan Term:
5- 15 years
Property Types:
Commercial and residential
Lien Type:
First Mortgage/ Deed of trust
Loan-to-Value:
Up to 75% of appraised value
Interest Rates:
Corresponding US Treasury + 150bps and greater
Amortization:
Interest only to 30 years
DSCR:
Minimum of 1.20x
Origination fee:
Subject to transaction quality
Exit Fee:
None
Prepayment:
Step-down, Yield Maintenance or Defeasance
Recourse:
Non-recourse, subject to standard carve-outs
Geography:
All 50 states
Combine Trinity Street Capital Partners Permanent loans with: Mezzanine Loans or Preferred Equity
