REAL ESTATE LENDING & EQUITY
Preferred Equity
Traditional preferred equity (entity level) strategy partnering with sponsors who have a proven track record for acquisitions (core-plus), repositioning (value-add strategies) and new development.
General Deal Terms
Deal Size
$10 Million to $100 Million (or higher on a deal-by-deal basis)
Closing
Typically 30 days
LTC/LTV
Up to 90%
Points
200 to 300
Rates
10% to 18%
Equity Kicker
10% to 50%
Pay
Soft or Hard Pay (on a deal-by-deal basis)
Property Strategies
Portfolios - Multi-Asset Lines of Credit
Luxury Single Family
Multifamily
Hotel/Resort
Entertainment-Based Retail
Office
Industrial Distribution
Self Storage
Land - Agricultural
Land - Entitled
Land - Unentitled
Special Use
Other
Geography
Strong Global Markets depending on Asset Class
Office properties only in New York or boutique high-net worth markets
Other Items of Note
1.
We source and place the senior loan debt for all of our preferred-equity transactions on a fee for service basis.
2.
We have a “Quick Close” program that allows us to provide a 1st internally and refinance it post-close. This gives sponsors a competitive advantage when bidding on deals. We present this option on all of our preferred equity term sheets.
