FROM SHORT-TERM
TO LONG-TERM
SOLUTIONS.
ACROSS ALL LOAN STRUCTURES, ACROSS THE PROPERTY LIFE CYCLE.
We’re there with a diverse range of financing products and services.
FROM SHORT-TERM
TO LONG-TERM
SOLUTIONS.
ACROSS ALL LOAN STRUCTURES, ACROSS THE PROPERTY LIFE CYCLE.
We’re there with a diverse range of financing products and services.
OVERVIEW
LOAN SERVICING
Our loan servicing team is backed by decades of experience in commercial real estate, including finance, distressed assets and development. It lends us the business acumen to creatively and individually structure loans to meet the business objectives of borrowers – whether they require short- or long-term finance solutions.
Driven by our customer-centric platform, we are committed to servicing borrowers in the way they deserve. We aim to deliver market leading levels of responsiveness and transparency through every stage of the loan process.
OVERVIEW
BRIDGE & EVENT DRIVEN LENDING
We specialize in shorter-term bridge and event-driven lending for borrowers pursuing ground-up construction, acquisitions, repositionings, recapitalizations, or the restructuring of partnerships.
Through our lending strategy, we originate senior and mezzanine loans and preferred equity commercial real estate investments.
OVERVIEW
BRIDGE & EVENT DRIVEN LENDING
We specialize in shorter-term bridge and event-driven lending for borrowers pursuing ground-up construction, acquisitions, repositionings, recapitalizations, or the restructuring of partnerships.
Through our lending strategy, we originate senior and mezzanine loans and preferred equity commercial real estate investments.
OUR DIFFERENTIATED APPROACH
STRATEGIC SHORT-TERM STRUCTURING
DIRECT ORIGINATION
HANDS-ON DILIGENCE & UNDERWRITING
BESPOKE STRUCTURING PROCESS
SERVICE BORROWER RELATIONSHIPS
CONTINUOUS HIGH-TOUCH ATTENTION
SENIOR INVESTMENTS | SUBORDINATE INVESTMENTS | |
STRUCTURE | Senior Secured Loans | Mezzanine Debt & Preferred Equity |
LOAN TO COST | 75% - 85% | 75% - 85% |
LOAN TERM | 1 – 5 years | 1 – 5 years |
LOAN SIZE | Minimum $15 million | Minimum $10 million |
INTEREST RATE | Fixed (starting at 8.5%) | Fixed (starting at 12%) |
GUARANTEES | Non-recourse with standard "bad-boy" carve-outs and completion guarantee | |
LOCATIONS | Primary, secondary, and tertiary MSAs within the United States | |
PROPERTY TYPES | All asset classes, including construction | |
OVERVIEW
STABLE CASH FLOW LENDING
Our long-term fixed-rate lending program mirrors the lender service package of traditional portfolio lenders, while delivering terms on par with capital markets lenders. It is a new and superior alternative to the service structure of CMBS conduit lenders.
OVERVIEW
STABLE CASH FLOW LENDING
Our long-term fixed-rate lending program mirrors the lender service package of traditional portfolio lenders, while delivering terms on par with capital markets lenders. It is a new and superior alternative to the service structure of CMBS conduit lenders.
OUR DIFFERENTIATED APPROACH
DRIVING LONGSTANDING RESULTS
CUSTOMER OUTCOME FOCUSED
RELATIONSHIP LENDING
Loans originated and held on balance sheet throughout the life of a loan.
INTERNAL DECISION MAKING
All material credit, post-closing and servicing decisions made internally.
RETAINED SERVICING
Flexibility to respond to the borrower’s needs for lease assumptions, reciprocal easements, loan assumptions, and more.
INCENTIVE ALIGNMENT
Profit model based on maintaining stable credit performance.
BIGGER CREDIT BOX
Creative use of capital provides vast optionality to borrowers with stabilized properties.
MATCHED-TERM FINANCING
Issuance of “perfectly” matched secured liabilities to provide competitive proceeds and pricing to our borrowers.
SENIOR LOANS | |
LOAN STRUCTURE | Senior Secured Loans |
LOAN TO VALUE | Up to 75% |
LOAN TERM | Primarily 10 years |
LOAN SIZE | Minimum $3 million |
INTEREST RATE | Fixed Rate (spread pricing over appropriate Swap Yield or Treasury Yield) |
AMORIZATION | 30-year schedule (interest-only available on a case-by-case basis) |
MINIMUM DSCR | 1.25x (1.20x for multifamily or high-grade assets) |
MINIMUM DEBT YIELD | 8% (7.5% for multifamily or high-grade assets) |
ORIGINATION FEE | Par/None |
RESERVES | Typical reserves for capital markets loans (Tax, Insurance, TI/LC, Capex) |
PREPAYMENT | Defeasance or Yield Maintenance |
GUARANTEES | Non-recourse with standard “bad-boy” carve-outs |
LOCKBOX & CASH MANAGEMENT | Springing or In-place (case-by-case) |
MEZZANINE FINANCING | Permitted on a case-by-case basis |
EARLY RATE LOCK | Available on a case by case basis subject to a deposit and rate lock agreement |
LOCATIONS | Primary, secondary, and tertiary MSAs within the United States |
PROPERTY TYPES | Office, industrial, multifamily, hospitality, storage, retail, MHC & senior housing |
OVERVIEW
TRANSITIONAL LENDING
We provide bespoke, floating-rate financing solutions for borrowers taking out construction financing, pursuing repositioning, or otherwise executing value-add business plans with a clear path to stabilization.
OVERVIEW
TRANSITIONAL LENDING
We provide bespoke, floating-rate financing solutions for borrowers taking out construction financing, pursuing repositioning, or otherwise executing value-add business plans with a clear path to stabilization.
OUR DIFFERENTIATED APPROACH
VALUE-ADD FOCUSED LENDING
DIRECT ORIGINATION
HANDS-ON DILIGENCE & UNDERWRITING
BESPOKE STRUCTURING PROCESS
SERVICE BORROWER RELATIONSHIPS
CONTINUOUS HIGH-TOUCH ATTENTION
Vigilant communication and monitoring of transitional loans.
TRANSITIONAL LOAN PROGRAM | |
STRUCTURE | Senior Secured Loans |
LOAN TO VALUE | 55.0% - 75.0% |
LOAN TERM | 2 – 3 year initial terms with extensions |
LOAN SIZE | Minimum $20.0 million |
INTEREST RATE | SOFR + 350 - 550 |
GUARANTEES | Non-recourse with standard "bad-boy" carve-outs and completion guarantee |
LOCATIONS | Primary and secondary MSAs within the United States |
PROPERTY TYPES | All asset classes, including but not limited to, multifamily, retail, office, mixed-use, self-storage, hospitality, and industrial |