WOW !

97% - LTC 2 tier program:
70% - Senior loan
27% - Mezzanine loan
3% - Cash from borrower

Senior rates from Libor plus 250-350 basis points
Mezzanine rates from 16-20%

Loan Amounts from 1 Million to 5. Billion

Term from 2-7 years

This program is good for most project types and I have found it to be a much easier sale then the JV program. When you have clients approach you for the JV in the future, present this program to them and show them that there is an interest only way and they will be very happy.