Page 13 - Nikols - Annual Report 2022
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TARGET LOAN PARAMETERS
Interest Rate: 6-10%
Loan Amount: $4M to $30M
Loan Term: M
Lo to market changes
Loan to Value: 50 –75% of collateral value
Borrower Equity: 25 –50% of collateral value
Collateral: 1st trust deeds
Geography: California (primarily Southern California)
Asset Types: Infill industrial, for-sale residential development, apartment, mobile home parks,
self-storage, single-tenant triple-net-leased retail and entitled land;
in p c nstruction
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