Lending Program

JLC's fixed and floating rate lending programs are flexible but generally adhere to the parameters outlined below:

Fixed Rate Lending Program
Indicative Terms:
Loan Amount: $5 million to $100+ million
Loan-to-Value: Up to 75%
Amortization: 25 - 30 Years, IO considered based on asset and leverage
Loan Term: 5, 7,10 Years
Non-Recourse: Loans shall be non-recourse except for standard carve-outs
Reserves: Appropriate reserves shall be required
Prepayment Option: Lockout / Defeasance
Floating Rate and Bridge Lending Program
Indicative Terms:
Loan Amount: $15 million to $100+ million
Loan-to-Value: Up to 75%
Amortization: Interest Only
Loan Term: 6 Months to 3 Years
Loan Term Extension: Extension options available
Non-Recourse: Loans shall be non-recourse except for standard carve-outs
Reserves: Appropriate reserves shall be required
Prepayment Option: Loans subject to lock out, spread maintenance and/or exit fees1
Mezzanine and Preferred Equity Program
Indicative Terms:
Loan Amount: $5 million to $75 million
Loan-to-Value: Up to 90%
Amortization: Structured
Loan Term: 3,5,7,10 years
Non-Recourse: Loans shall be non-recourse except for standard carve-outs

1 Exit fees on floating rate loans may be waived for refinancing with Jefferies LoanCore LLC.