Acquisition and Refinance for Commercial Real Estate

With Permanent and Bridge Options for Property Owners

Our Loan Parameters

Permanent Bridge
Loan Amount $3 Million to $50 Million
(Can provide more than $50 MM on a case-by-case basis)
$5 Million to $50 Million
(Can provide more than $50 MM on a case-by-case basis)
Primary Focus Stabilized properties in 80 PLUM Select markets in addition to larger primary and secondary markets Acquisitions, recapitalization of business plans that entail value-add, transitional or stabilized properties where additional seasoning or flexible prepayment is required
Debt Yield In-place debt yield of 7.5% & up Target minimum exit debt yields 8% to 10%
(depending on the property size and location)
Collateral First Mortgages First Mortgages
Pricing Fixed rates price over Treasuries
(Current Coupons range from 3.50% to 4.50%)
Floating starting at LIBOR + 275 bps
Loan Term 5-10 years and up to 20 on a case-by-case basis  1-5 years including extensions
Maximum LTV/LTC LTV Up to 75%
(Up to 85%)
Typically 80% of cost, and in
certain cases as much as 90% LTC
Recourse Flexible Flexible
Prepayment Flexible Minimum interest or yield maintenance
Amortization Up to 30 years with partial
or full-term interest-only available
Generally interest-only, with amortization
structured on a case-by-case basis 
Fees Origination Fees: 0-1% Origination Fees: 1%
Exit Fees: 1%

Customized Lending

PLUM Lending is a full service commercial real estate lender that provides creative structured finance solutions. We specialize in the capitalization of middle-market commercial real estate properties nationwide with a focus on secondary markets.

Properties We Finance

Multifamily Properties
Multifamily
Office Properties
Office
Retail Properties
Retail
Hospital Properties
Hospitality
Industrial Properties
Industrial & Self Storage
Mobile Home Properties
Mobile Home & RV Park

We Simplify the Loan Process

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1. Knowledgeable Consultation

A quick phone call with your dedicated loan originator to go over your specific scenario.

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2. Secure Document Submission

Submit initial required financial documents discussed in the consultation to obtain a loan quote.

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3. Term Sheet Issued

Once documentation is reviewed, you will receive a non-binding term sheet for discussion. PLUM will then issue you an official application on agreed-upon terms.

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4. Loan Application Approved

Your loan passes through underwriting and third-party reports are completed. Once approved, loan documents will be drawn, and your loan moves to closing.

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5. Loan Funded

Congratulations. You can rest easy knowing that you have acquired the right loan for your particular needs.

“ What really impressed me about my experience with PLUM is that this is the first time I’ve felt like a lender was on my side. When I talk to them it’s like I’m talking to someone on my team. They make the customer feel like they win, and I’d love to work with them again. “

RV Park, Montana

I felt such a sense of relief that I was able to get a 20 year fixed-rate loan, as that was really important to me. “

Multifamily Property, California

Contact a Specialist to Get Started

Contact Plum Lending

Or Contact a Specialist Directly

415 230-5600

© 2019 PLUM Lending. All Rights Reserved. | Terms of ServicePrivacy | Plum, Inc. dba Plum and/or Plum Lending | CA DRE Corporation License # 01983700 | Responsible Broker: John R. Garibaldi |CA DRE License #: 01971801