- Location: HQ in NYC with another office in LA
- Markets: Major markets nationwide. "NFL Cities"
- Deal Types: Bridge, construction, and permanent
- Loan Sizes: $50M and up. Most deals are $75M-$100M.
- Asset Types: All major asset types (they closed four office loans in the last six months)
- Pricing: Instead of a range, they provided examples:
- S+High 200s for a fully leased office deal with 10 years WALT
- S+Mid 300s for hotel recap with a low 9% DY going in and stabilizing above 10%
- T+High 100s fixed-rate loan on MF
- S+High 200s MF construction loan
- Notes: They closed ~$3B last year and want to close $4-4.5B this year with half of that being insurance capital.
