Every program, one table.
Amounts, leverage, and term shape for every Keystone program — plus what actually moves your pricing once a deal is underwritten.
Capital for every stage of the hold.
Indicative ranges only — not a quote or commitment to lend; your actual amount, leverage, and term are set by underwriting and property details.
No rate card. A handful of levers.
There isn’t a single Keystone rate — there’s a range that moves with the deal in front of us. Four things do most of the work:
Leverage
The more of the property’s value or cost you borrow against, the more risk we carry, and the more that risk is priced in. Lower leverage generally earns better terms.
Debt service coverage (DSCR)
A property with a comfortable income cushion above the required minimum is a safer loan than one sized to the edge, and pricing reflects that difference. How DSCR works.
Asset quality
Condition, location, tenant mix, and lease durability all factor into how the desk reads the risk behind the income — a clean, well-leased asset prices better than one with deferred maintenance or rollover risk.
Sponsor track record
A sponsor who has executed a similar business plan before — a comparable acquisition, reposition, or build — reads as a lower execution risk than a first attempt at the same plan.
For where rates actually sit right now across property types, see our 2026 rate snapshot.
No application fee to get a term sheet.
Third-party costs — appraisal, title, environmental — are the borrower’s, and we’ll lay them out before you spend a dollar. Send the deal and we’ll price it before you commit to anything further.
Request terms
Let’s underwrite your deal.
Send us the property and the plan. You’ll have a real term sheet — not a maybe — within two business days.