This private credit group provides tailored financing solutions for sponsors tackling large, real estate developments in need of high leverage solutions. With a focus on ground-up construction, conversions, and mid-construction, this group has an experience in complex underwriting exercises required to maximize leverage offerings.
Key Features of CRE Lending Programs
- Diverse Financing Options: This private credit group offers senior loans and mezzanine/preferred equity facilities to meet a variety of capital needs.
- Stretch Senior: $20MM to $120MM at rates of SOFR + 600–900 bps.
- Mezzanine/Preferred Equity: $10MM to $60MM at rates of SOFR + 800–1200 bps.
- High Leverage Solutions:
- Ability to size up to 80 – 85% LTC
- Typically requires significant balance sheet support to push leverage above 80% LTC
- Deal Profiles:
- Ground-up construction
- Conversion projects
- Mid-construction
- Property Types:
- Multifamily, Build-to-Rent (BTR), condos, age-restricted housing, and mixed-use.
- Geography: Nationwide coverage, with primary and secondary markets preferred. Tertiary markets are considered but may require stronger borrower balance sheets or additional credit support.
Focus on Borrower/Sponsorship Strength
This private credit group places a strong emphasis on borrower qualifications, with particular attention to:
- Track Record: Sponsors must demonstrate a history of success in similar projects.
- Balance Sheet Strength: Borrowers should have the financial capacity to support the proposed leverage and market risks.
Why Choose this private credit group?
With a reputation for speed, adaptability, and robust financing options, this group provides sponsors with the capital tools they need to execute complex projects. Their ability to close deals in as little as 3-5 weeks, combined with competitive terms, makes them a valuable partner for CRE professionals across the United States.
| Capital Structures | Stretch Senior, Mezzanine Debt & Preferred Equity |
| Geography | All US MSAs will be considered – prefer primary and secondary markets, and are willing to go anywhere tertiary as long as the sponsorship has a strong track record within their market and niche, and market trends/comps/underwriting assumptions support the business plan. |
| Property Types | Multifamily, Build-to-Rent (BTR), Condos, Age-restricted Housing, and Mixed-use. |
| Deal Types | Ground-up construction, mid-construction, conversions |
| Sponsorship | This fund prefers to work with experienced sponsors with a track record of completing similar projects, with strong balance sheet support. |
| Recourse | Recourse and non-recourse options available subject to leverage requests |
| Check Size | Senior Loans: $20MM to $120MM Preferred Equity: $10MM to $60MM |
| Loan to Cost / Loan to Value | 75% to 85% LTC. Primarily focused on stabilized LTV, debt yield, and borrower balance sheet strength. Above 80% LTC will require strong credit support. |
| Interest Rate / Returns | Senior Loans: SOFR + 600-900 Preferred Equity: SOFR + 800-1200 |
| Fees | Senior Loans: Typically 2 points split between origination and exit Preferred Equity: Typically 2-3 points split between origination and exit |
| Term | 12-36 Months with 6-month extension options |
| Closing Time Frame | 4-6 weeks. (from signing TS) |
| Approval Process |
|
If this capital source may be of interest, book a call to discuss a potential capital arrangement. Read our last Market Insight: Capital Matchmaking – Identifying Your Perfect Partner in 2025