Par Value of Investments:
$567.1 Million
Average First Year Mortgage Term:
2.16 Years
Number of Investments:
43
Average Investment Balance:
$13.2 Million
Range of Investment Balances:
$1.5 - $40.7 Million
Average Leverage Ratio1:
67.5%
Portfolio Composition
Floating vs. Fixed Rate
Investments by Property Type
Investments by Region
Investments by Loan Type
1 Weighted average of the loan to value’s at origination, based on current loan balance as of 9/30/19.
Description of Investments
*First mortgage loans finance commercial real estate properties and are loans that have the highest priority in a foreclosure proceeding to claims on the collateral securing the loan. The senior position does not protect against default or a loss.
**Credit loans, also called mezzanine loans, are secured by one or more direct or indirect ownership interests in an entity that directly or indirectly owns real estate.
***CMBS or commercial mortgage backed securities, are securities collateralized (bundled and sold as bonds) by loans secured by commercial real estate property.
This website is neither an offer to sell nor a solicitation of an offer to buy securities. An offering is made only by the prospectus. This material must be read in conjunction with the prospectus in order to fully understand all of the implications and risks of the offering of securities to which the prospectus relates. A copy of the prospectus must be made available to you in connection with any offering. No offering is made except by a prospectus filed with the Department of Law of the State of New York. Neither the Securities and Exchange Commission, the Attorney-General of the State of New York nor any other state securities regulator has approved or disapproved of the securities, determined if the prospectus is truthful or complete. Any representation to the contrary is a criminal offense.