- Location: HQ in NY
- Markets: Nationwide
- Deal Types: Bridge and construction
- Loan Sizes: $30M and up for whole loans, $10M to $50M for pref/mezz.
- Asset Types: Primarily focused on MF, student housing, and industrial. Also selectively considering retail, hospitality, office, and condos.
- Leverage: 75-80%
- Pricing: SOFR + low 400s for construction. Targeting 12-13% for pref.
- Recent Deals:
- $22.8M mezz loan for student housing construction in FL.
- $51M bridge loan for industrial in the Northeast.
- $14M of pref for a stabilized MF property in TX.
- Competitive Advantages: They have a good relationship with Freddie Mac and are doing many Pref deals behind Freddie senior loans.
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