| Term | Shores loans |
|---|---|
| Loan type | Short-term bridge loan |
| Security | First lien on real property |
| Interest rate | 13–15%, in line with what brokers in these markets charge today |
| Markets | Latin America and South Florida |
| Loan size | [TBD: minimum and maximum] |
| Term | [TBD: term range] |
| Repayment | [TBD: interest-only with principal at maturity, or other] |
| Origination | Origination points paid by the borrower at funding [TBD: points] |
| Extensions | [TBD: extension terms and fee] |
| Loan sizing | Conservative, relative to an independent property valuation [TBD: sizing policy for publication] |
Loan terms
What a Shores loan looks like.
Final terms are set loan by loan in the loan documents. See Loan management.
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