Investment criteria

Mezzanine Debt / Preferred Equity Parameters

Desired Deals

Size: $2 MM - $40 MM per property
Funding Limit: Up to 85% of project value or coverage constrained
Term: 2 to 10 years - generally co-terminus with defined exit event
Property Types: Office, retail, multi-family, hotel, multi-tenant industrial and select condominiums
Type: Existing, income producing assets
Target Markets: National - primary and secondary markets preferred
Structure: Preferred Equity or Mezzanine Debt
Non-Recourse: Except for standard carve-outs

Pricing

All-in Return: Pricing tailored for each individual transaction
Current Return: 8% minimum, fixed, interest only
Origination Fee: 1-3%
Exit Fee: Negotiable
Accrual/IRR Look-back: Possible

Uses

Acquisitions, repositionings, workouts, recapitalizations, partner buy-outs and restructures

Speed

We provide fast thorough proposals and close quickly. For additional information, please contact:

George S. Perry
Director, Investments
(212) 850-2725
Sean Meehan
Vice President, Investments
(212) 850-2726
One Grand Central Place
60 East 42nd Street, 26th floor
New York, NY 10165
Fax: (212) 983-1385