Collateral Onboarding Call #38: REIF DROP: Commercial Real Estate Assets - Wednesday, September 29 5pm UTC
Time in your local-timezone format:
An open discussion where we discuss projects and potential assets for MCD, open for anyone to join.
If you’d like to present, check out this thread.
Intro by @Juan
Presentation by TBD
REIF: Commercial Real Estate Fund — https://www.reif.finance/
REIF intends to establish relationships with a number of trusted and reliable asset originators across North America with the intent of supplying risk capital to finance and obtain loan assets backed by commercial real estate. These assets are expected to yield above-market risk-adjusted returns and bear material collateral coverage to protect the assets from downside risk.
The REIF Pool will help finance value-add commercial real estate projects with an average loan amount of $10,000,000 (ten million) for the 1st position product and $500,000 (five hundred thousand) for the 2nd position product. The 1st position product is for acquisition, equity takeout, and refinancing of commercial real estate loans. The 2nd position product is for renovations, development, or leasehold improvements of the properties. The maximum Loan-to-Value (LTV) leverage to be considered for financing of the 1st position product is to be 70% of the asset value and the maximum LTV leverage to be considered for financing of the 2nd position product is to be 80% of asset value. The asset values will be verified by a third party. The term of the loans will be 12 and 24 months as determined on a case-by-case basis.
Attn: @SES-Core-Unit, @gov-comms-core-unit, @GovAlpha-Core-Unit, @Growth-Core-Unit, @Content-Production, @MakerMikeP, @Coulter, @daif-core-unit, @Protocol-Engineering, @Oracles-Core-Unit, @Risk-Core-Unit, @Real-World-Finance, @twblack88, @ElProgreso, @planet_x, @PaperImperium, @monet-supply, @makerman, @inkymaze