FEATURED CAPITAL PARTNER

Unlevered Fund writing creative bridge capital solutions

A West Coast Alternative Investment Manager is originating creative, flexible, and time-sensitive capital solutions for a broad spectrum of commercial real estate.

Capital Structure: Bridge & Construction Loan

Size: $2MM – $45MM

LTV: up to 70%
LTC: up to 80%

Rates: 9.5% – 12%
Fees: 2-3 Points

Term: 12 – 36 Months

Amortization: Interest Only

Property Type: Retail, Multifamily, Office, Industrial, Hospitality, Senior Living (AL, MC), Gas Stations, C-Stores, and many other Special Situations

Uses: Short term bridge loans, Ground Up construction available in Tier 1 Markets, Credit Issues, Bankruptcy/Litigation, Discounted Payoffs, Pending Foreclosures, Restructurings, Quick closings

Geography: Nationwide

High Leverage bridge and construction financing for LIHTC Properties

An East Coast lender is actively engaged in Financing LIHTC properties that are approaching the end of their compliance period, Voucher Program/Section 8 Housing and unregulated workforce housing.

  • Capital Structure: Bridge & Construction Loan
  • Size: $10MM and up
  • LTV: up to 85% as stabilized
  • Rates: Libor plus 350 and up
  • Recourse: Non-recourse except for standard bad-boy carve-outs
  • Fees: Starting at 1%
  • Term: Up to 5 Years
  • Amortization: Interest Only
  • Property Type: LIHTC & Workforce Affordable Housing
  • Uses: Acquisitions, construction, light or heavy rehabilitation, re-syndication and recapitalizations.
  • Geography: Nationwide
High Leverage bridge and construction financing for LIHTC Properties

A Northeast lender is offering very high leverage for Multifamily acquisition and development

  • Capital Structure: Preferred Equity
  • Size: $5MM and up
  • LTV: up to 90% (will consider higher on deal by deal basis)
  • Rates: Libor plus 750 and up (combination of current pay and accrual)
  • Recourse: Non-recourse except for standard bad-boy carve-outs
  • DSCR: Below 1.0 is acceptable
  • Fees: Starting at 1%
  • Term: Up to 5 Years
  • Amortization: Interest Only
  • Property Type: All property types except hospitality and assisted living with and emphasis on multi-family rental property in high barrier to entry markets in which the majority of units are leased to households at 80% or less of Area Median Income (“AMI”) and the rents are at or below 30% of 80% of AMI.
  • Uses: Acquisitions, construction, light or heavy rehabilitation, re-syndication and recapitalizations.
  • Geography: Nationwide
Competitive Fixed-rate CMBS Debt

An asset manager is providing fixed income investment strategies for Nationwide CRE owners and developers

  • Capital Structure: Fixed-Rate CMBS Loans
  • Size: $2MM and up
  • LTV: Up to 75%
  • Rates: Fixed – Spread over Swap
  • Recourse: Non-recourse
  • DSCR: 1.3 – 1.0
  • Origination Fee: None
  • Term: 5, 7 or 10-years
  • Amortization: 30-year Schedule with potential I/O available based on leverage
  • Property Type: Self Storage, manufactured housing, multifamily, hotels, retail, office, industrial/flex, single-tenant credit
  • Geography: Nationwide
Non-recourse, ‘not quite’ stabilized bridge loans

An East Coast asset manager is providing very competitive bridge loans for transitional assets not yet stabilized.

  • Capital Structure: Floating-Rate Bridge Loans
  • Size: $5MM and up
  • LTV: As-is, up to 80%
  • As-Stabilized, up to 75%
  • Rates: Floats over the 30-day Libor
  • Recourse: Non-recourse
  • Interest Reserve: Calculated, but do not need cash flow
  • Origination Fees: .5% – 2% all in
  • Term: Up to 3 years plus 2, one-year extensions
  • Amortization: Interest Only
  • Property Type: multifamily, hotels, retail, office, industrial/flex, single-tenant credit, Self Storage, manufactured housing, Special Situations (No land or construction)
  • Geography: Nationwide
Short term, event driven bridge loans

An investment management firm is originating event Driven, time-sensitive ground-up construction, acquisitions, repositioning’s, recapitalizations, or the restructuring of partnerships.

  • Capital Structure: Bridge & Construction Loan
  • Size: $15MM and up
  • LTV: up to 85%
  • Rates: Fixed: 8.5% – 10%
  • Recourse: Non-recourse except for standard bad-boy carve-outs and completion guarantee
  • Fees: Starting at 1%
  • Term: 1 – 5 Years
  • Amortization: Interest Only
  • Property Type: All asset classes, including but not limited to, multifamily, retail, office, mixed-use, for-sale residential, hospitality,and industrial
  • Uses: Event Driven, time-sensitive ground-up construction, acquisitions, repositioning’s, recapitalizations, or the restructuring of partnerships.
  • Geography: Nationwide – primary, secondary, and tertiary MSAs