- Location: HQ in NYC
- Markets: Major metros nationwide. The majority of their portfolio is in the Tri-state area and California.
- Deal Types: Bridge and construction. They'll also provide note-on-note financing.
- Loan Sizes: $2M to $75M
- Asset Types: All major asset classes, but they're selective with hospitality and self-storage. They'd only consider land in NYC.
- Leverage: Up to 70%, or 80% with a mezz lender. Up to 80% advance rate for note-on-note.
- Pricing: Starting at 8.5%, floating.
- Recourse: Non-recourse
- Recent Deals:
- $18.5M MF refi in Houston, TX
- $8.75M note-on-note for office in Eatontown, NJ
- $25M condo construction loan in NY
- Competitive Advantages: Quick closes (5-10 business days) and open prepay.
- Notes: They closed ~$450M last year.
