|
INVESTMENT CRITERIA |
| |
Our primary focus is on special situation opportunities that exist on a market or event-driven basis, for asset-based and operating cash flow ventures. Our investment partners include high-net worth investors, banks, and various institutions.
|
| |
Target Transactions
- Secured Whole Commercial Mortgages
- Secured Mezzanine Loans and B-Notes
- Sale-Leaseback Transactions
- Direct Investments
- Debtor-in-Possession Financings
- Note Purchases, Refinancings, Restructurings, Workouts, and Recapitalizations
- Acquisition and Working Capital Financings
- Receivables Financing
|
|
Asset Classes
- Residential (includes multi-family and condominium)
- Hospitality
- Mixed-Use
- Retail
- Industrial
- Corporate / Business
- Senior Housing / Assisted Living
- Student Accommodations
|
Geographic Focus
- North America, the Caribbean, and the European Union
|
|
Transaction Sizes
- Middle market transactions (between $5 million and $40 million), although we are well-positioned to complete larger transactions that fit our parameters
|
LTV/LTC
- Typically no more than 75%; varies on a deal-by-deal basis
|
|
Transaction Term
|
|
| *Terms and pricing of individual transactions are dependent upon leverage, cost basis, evaluation of the underlying security and asset, sponsorship, and planned exit strategy. |