- Capital Market Partners
- Middle-market bridge and construction lender deploying capital with three separate vehicles.
- Location: HQ in NYC
- Markets: Tri-state area and Florida for loans under $30M, but they're expanding across the Sunbelt for larger loans that are $30M and up.
- Deal Types: Bridge and construction. Approximately 70% of their portfolio is construction.
- Loan Sizes: Two small balance funds for loans $1M to $30M, and then a third bucket for $30M to $300M.
- Asset Types: Land, apartments, and condos. Will also consider student housing for the large loan vehicle.
- Leverage: 70-75% LTC
- Pricing: SOFR + 4.75% to 6.50% depending on the loan size and deal profile.
- Recent Deals:
- $49M construction loan for 28 for-sale townhomes and 23 rental units in NJ.
- $29.75M construction loan for 152-unit MF community in Greenville, SC.
- $255M construction loan for a large mixed-use project in Edgewater, NJ.
- Notes: PERE named them the 2025 Construction Lender of the Year for sub-$100M loans.
