Structured Lending

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:

Bridge Loans

• Repositioning projects with total capitalization generally > $40MM
• Business plan to be accomplished within 5 years
• LTC 80% or less
• Bridge to permanent loans available
   

Construction Loans

• Ground up development with total capitalization generally > $75MM
• Construction completion within 3 years
• LTC 75% or less
• Construction to permanent loans available

Subordinated Debt

• 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)