Debt Investments
Debt investments offer strong current income and basis protection for risk mitigation. As Everest can underwrite, capitalize and manage real estate as a principal, it brings advantages of additional safety to its investors in debt investments. During various periods within real estate cycles, Everest is committed to the idea that favorable situations can be found for making expedient yet conservatively underwritten loans that generate strong risk-adjusted returns with current income. Recent deals include a bridge loan on a 2,000-acre future master plan, construction financing on 40,000 square foot retail center and preferred equity on a 426-unit multifamily portfolio.
Everest lending parameters include:
Program Overview
First-Position and Second-Position Deed of Trust/Mortgage
Mezzanine Financing
Preferred Equity
Project Types
Multifamily/Apartment Construction
Single-family Residential Land A&D/Vertical Construction
Raw Land/Finished Lots
Townhome/Condo Construction
Stabilized/Value-Add For-Rent Residential (SFR & Multifamily)
Commercial – Office, Retail and Industrial
Locations
Strong growth submarkets throughout the Western U.S.
Advance Rate
Up to 85% Loan-to-Cost (Commensurate With Deal Profile)
Loan Size
$2,000,000 – $10,000,000 (Larger Considered)
Rates
8.00 – 15.00% (Commensurate With Deal Profile)
Fees
1.00 –2.00% (Commensurate With Deal Profile)
Term
1-3 years (typically 24+ Months)
Extension Options Available Subject to Tests
Recourse
Typically, Non-Recourse, Subject to Completion Guaranty and Environmental Indemnity
License # BK-0959051
NMLS # 1806790