If a first mortgage falls short and your current lender won’t allow subordinate financing, it may be time to step up to the Mezzanine.
LINCOLN Mortgage-US Mezzanines are fast-closing commercial equity loans that can be structured as short-term, interest only instruments.
Available with or without equity participation, these loans start as low as $1,000,000.

Mezzanine Loans - Terms

Acquisition, Construction, Restructuring and Refinancing

LOAN AMOUNT: $1,000,000 and up

BORROWER: Management and/or ownership should be experienced. Past or present credit problems, including Chapter 11 or Chapter 7 bankruptcies are workable.

LOAN TERM: 1 to 5 years, interest only.

PREPAYMENTS: Loans may be prepaid at any time after the first anniversary of the loan with no prepayment penalties.

INTEREST RATE: Interest rate will vary by project and conditions

COLLATERAL: Pledge of the stock of the borrowing entity, second mortgage on the real estate (if permissible), improvements and equipment. Office, recreational, medical, warehousing, manufacturing, hospitality (hotels/motels) or industrial properties. Typically income producing, located anywhere in the USA and in select countries around the world.

L-T-V RATIO: Up to 90% of the As-Is Value by independent third party MAI appraisal when combined with the first mortgage.1

DSC RATIO: Typically, a minimum of 2.0 of Excess Cash 2 over mezzanine debt service.

USE OF LOAN: Proceeds may be used for land development, real estate acquisition, construction costs, equipment, working capital, closing costs, cash-out, etc..

SUBMISSIONS: Property and area description • Three years operating statements • Sources and use of proceeds statement • Information on existing debt •