What are the terms of PRIs?
The Meyer Trust adapts its PRI program terms to suit each transaction funded. The following are typical terms for Meyer Trust PRI investments, which to date have taken the form of loans: • Size of investment: $200,000-$1,000,000 • Loan duration: 2-7 years • Repayment increments: Interest is repaid in quarterly installments, sometimes together with principal. Some loans feature a balloon repayment of some principal at the end of the term. • Interest rate: 2-5% annual interest • Securitization status: PRIs are secured whenever feasible. • Recourse status: Full recourse to the borrower. • Origination fees: The Meyer Trust currently charges no origination fee; however, we continue to evaluate this approach.
