FUND STRATEGY

FUND STRATEGY

We invest in commercial debt

Spectra Capital’s investment strategy focuses on commercial debt investments in niche opportunities underserved by traditional lenders.

We have developed deep expertise in analyzing, underwriting, and structuring debt transactions secured by first position mortgages. We have also developed a proprietary network of clients and referral partners which allows us to secure consistent nationwide deal flow.

Typical Loan Structure
Eligible Locations Nationwide
Focus Areas Multifamily, Self-Storage, Flex Space, Warehouse, Light Manufacturing, Hospitality, Infill, Mixed Use, Retail
Transaction Size $2,000,000 to $10,000,000
Loan Programs Construction, Bridge, Acquisition, Refinance
LTC/LTV Generally, less than 52%
Security 1st Lien Deed of Trust or Mortgage
Rates 20%+
Origination Fees 2-6%
Exit Fee 1%
Recourse Recourse required
Repayment I/O or Monthly P&I
Prepayment Premium 2%
Due Diligence Deposit Upon acceptance of term sheet, borrower to remit a deposit for all third-party reports, legal, and documentation expenses (these can vary depending on the loan request)
Loan Term(s) 3 - 36 months
Closing Time Under 30 days
Targeted States Non-judicial foreclosure states
Key Investment Facts
Minimum Investment $250,000
Asset Class Real Estate
Investor Qualifications Open to Accredited Investors as defined in Regulation D of the U.S. Securities Act of 1933
Fees
Origination Fees The first 2% to the GP, split evenly between Fund and Sponsor thereafter
Performance Fee 10% preference, then split evenly between Fund and Sponsor thereafter
Details
Legal Geraci LLP
Administrator Opus Fund Services
Auditor Spiegel Accountancy
Sponsor Spectra Capital, LLC
Offer Summary Ownership units offered under Regulation D / 506 (c)
Contributions Bank wires