Conventional bank and credit union senior debt for stabilized and transitioning assets.
Conventional senior debt from regional and national banks and credit unions. Full-recourse and non-recourse structures, floating and fixed, with relationship-based pricing for sponsors with operating history.
The deals this execution is built for
Sponsors with banking history
Established sponsors whose financials and track record support conventional underwriting.
Stabilized and transition assets
Cash-flowing assets where a banking relationship can price the deal competitively.
Flexible structures
Floating or fixed, recourse or non-recourse, sized to the sponsor and the asset.
Where we'd point you elsewhere
Sponsors needing non-recourse where only agency or HUD qualify.
Deals under $2M, which we route to our business finance desk.
Not sure which execution fits? Our capital markets desk reviews every deal and routes it to the right lender and structure.
See the full deskThe spec sheet at a glance
The headline terms for this execution so you can see fit before you call.
The mechanics of this execution
What the capital looks like, how it's sized, and what the sponsor is signing up for.
Conventional senior
First-position bank or credit union loan, underwritten to the sponsor's financials and the asset's cash flow.
Floating or fixed
Floating rate over a benchmark for flexibility, or fixed for rate certainty. Bank debt offers both, often with shorter terms than agency.
Recourse
Bank debt is often full or partial recourse, with personal guarantees. Non-recourse bank structures are available on qualifying assets.
Relationship pricing
Banks price to the full relationship, deposits and other business, not just the loan. A stronger relationship can mean better terms.
Self-qualify before you pick up the phone
These are the metrics we review first. If you're in the ballpark on all four, your deal is likely a fit for this execution.
Typically 1.25x or higher. The floor most bank underwriting uses.
Up to 65 to 75% on stabilized assets, depending on the bank and the sponsor.
Liquidity, net worth, and operating history. Bank underwriting weighs the sponsor heavily.
Existing deposits and banking history. Drives pricing and flexibility.
From first call to funded
The steps we take on this execution, tailored to how this capital actually moves.
Review the relationship
We review the sponsor's financials, banking history, and the asset to confirm the deal clears bank DSCR and LTV.
Match the bank
We position the file to the regional or national bank or credit union whose box and relationship pricing fit the deal.
Structure and commit
We structure floating or fixed, recourse or non-recourse, and manage the application and commitment.
Close
We drive the transaction through closing, managing stipulations and the timeline until the loan is funded.
The documents we ask for first
Having these ready speeds up the first read. Don't worry if something is missing, we'll tell you exactly what we need.
- Operating statement (T-12) and trailing 3 years
- Current rent roll and lease abstracts
- Personal financial statement and schedule of real estate owned
- Banking relationship and deposit history
- As-is appraisal
- Entity documents and organizational chart
How a deal like this comes together
Illustrative structure only. Not a completed Rinia transaction. Actual terms depend on the asset, sponsor, and lender.
A quick refinance read-out before you talk to a lender
Enter your as-is value, stabilized NOI, and current balance. We'll show an indicative proceeds range by execution, a DSCR indication, and a rough timeline.
Enter an as-is value and NOI to see the read-out.
Questions sponsors ask about this execution
Is bank debt recourse?+
Bank debt is often full or partial recourse with personal guarantees. Non-recourse bank structures are available on qualifying assets and sponsors. We match the recourse profile to your hold plan.
Fixed or floating for bank debt?+
Bank debt offers both. Floating costs less up front and suits a shorter hold; fixed removes rate risk for a longer hold. We model both against your plan.
How does relationship pricing work?+
Banks price to the full relationship, including deposits and other business, not just the loan. A stronger banking relationship can mean better terms and more flexibility.
When is bank debt better than agency or CMBS?+
Bank debt suits sponsors with strong financials and a banking relationship who want flexibility, faster timelines, or structures agency and CMBS do not offer. For the lowest long-term fixed non-recourse cost, agency or HUD is usually better.
Send a bank deal
Tell us about the asset and your banking relationships. We'll position the file to the right desk.
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