Targeted for sponsors with transactions that require higher leverage, more complex structuring, creativity, or have a business plan that is not appropriate for traditional capital sources.
Transaction focus:
Focus is on value added, distressed, opportunistic situations, and special situations (No new construction.)
Asset Class:
Multifamily
Retail
Office
Industrial
Land
Condominiums
Non-performing loans
Other special situations
Structures:
Senior debt, preferred equity, mezzanine debt, and joint venture equity.
Target returns:
Adjusted based on transaction risk and project leverage.