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"markdown": "\n\n<::A dark blue circle with a gold border containing the white text \"LOANS\" and a white outline of a teardrop or water drop icon below it.\n: icon::>\n\nPrimary business of originating senior\nsecured first mortgage loans on commercial\nreal estate, with middle-market focus\n\n>30% cushion from property owner equity\u00b9\n\nPrimarily focus on short-term, floating-rate\nloans on properties undergoing light\nrenovations and/or leasing \u2013\n\u201ctransitional\u201d or \u201cbridge\u201d loans\n\nAlso originate longer-term, fixed-rate loans\non stabilized properties and sell into\nsecuritizations \u2013 \u201cconduit\u201d loans",
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