Real Estate Investors' structured debt team seeks to originate $1 billion per year. The platform provides construction and bridge loans to experienced sponsors for well-located, institutional-quality properties. The program also focuses on subordinated debt and co-lending opportunities. The flexible program originates across the capital stack from traditional floating rate loans to fixed rate (re)development-to-permanent (10+ year) loans on behalf of New York Life Insurance Company’s General Account, the Madison Square Structured Debt Fund, and other third-party accounts, as follows:
Repositioning projects with total capitalization generally > $40MM
Business plan to be accomplished within 5 years
LTC 80% or less
Bridge to permanent loans available
Ground up development with total capitalization generally > $75MM
Construction completion within 3 years
LTC 75% or less
Construction to permanent loans available
B-Note and Mezzanine loans greater than $20MM
Attachment points from 20-60% LTC/ LTV
Priced as incremental leverage to a maximum of 85% LTC/LTV
Short and loan term funding available
Senior debt can be pre-existing or co-originated
Co-Lending Senior Debt
Large asset or portfolio loans with total capitalization > $100MM
Team with banks, insurance companies, and debt funds
Single-asset or portfolio loans
Senior, junior, or pari passu tranches
Ground up development with total capitalization generally > $75MM (link to debt)
There are risks associated with investments in real estate and/or real estate related products. For further information regarding these risks, please contact one of our real estate professionals.
*There is no guarantee that investment objectives will be achieved.
Investment objectives may not be met as the underlying investment options are subject to market risk and fluctuate in value. Please keep in mind that there are fees and expenses associated with investing in managed accounts. Accordingly, you can lose money investing in a separately managed account.
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