Mini-Perm Program - Silver Hill Funding

The Mini-Perm Program

Solutions for the Acquisition,
Recapitalization, or Repositioning of Commercial Real Estate

Business owners and real estate investors in today’s market have a pressing need for transitional financing solutions. For many, restrictive lending programs prevent them from securing the financing they require.

Silver Hill Funding recognizes this need and offers flexible mini-perm loans that make sense for a wide range of credit-worthy borrowers.

Program Highlights

Loan Amount

Purpose

Terms

Max LTV/C

$1 – $5MM

Acquisition, Refinance, &
Cash-Out Refinance

3 to 8-year Primary Term

Up to 80%

Property Types

Amortization

Interest Rates

Borrower

Owner-Occupied Properties

Fees

Recourse

Locations

Earn-Outs

Foreign Nationals

Office, Medical Office, Retail, Industrial, Multifamily, Hotel (with an approved franchise agreement), MHC, Self-Storage, and other asset classes on a case-by-case basis.

Generally up to 30 years (interest-only available for up to 2 years).

Fixed. Generally spreads of 400-600 over corresponding UST (or equivalent benchmark).

Single Purpose Entities

Allowed subject to minimum credit requirements.

Generally no lender origination or exit fee.

Non-recourse to Principals except for bad-boy carve-outs; further guarantees may be required on a case-by-case basis.

Generally urban or suburban locations in primary, secondary or tertiary markets.

Allowed on a case-by-case basis.

Eligible

The Mini-Perm Program

Solutions for the Acquisition,
Recapitalization, or Repositioning of Commercial Real Estate

Business owners and real estate investors in today’s market have a pressing need for transitional financing solutions. For many, restrictive lending programs prevent them from securing the financing they require.

Silver Hill Funding recognizes this need and offers flexible mini-perm loans that make sense for a wide range of credit-worthy borrowers.

Program Highlights

$1 – 5 MM

Acquisition, Refinance, & Cash-Out Refinance

3 to 8-year Primary Term

Up to 80%

Multifamily, Mixed-Use, Retail, Office, Light Industrial, Warehouse, and Hospitality. Other asset classes on a case-by-case basis.

Generally interest-only with principal amortization structured on a case-by-case basis.

Floating interest only starting at LIBOR +500. Fixed rate options available.

Single Purpose Entities

Allowed subject to minimum credit requirements.

1 – 2% origination fee / 1%+ exit fee. Extension fees of 0.25%+

Non-recourse to Principals except for bad-boy carve-outs; further guarantees may be required on a case-by-case basis.

Generally urban or suburban locations in primary, secondary or tertiary markets.

Allowed on a case-by-case basis.

Designed & Developed by Figment Design