- Location: HQ in Hoboken, NJ
- Markets: Nationwide
- Deal Types: Bridge and construction
- Loan Sizes: $2M to $50M, but most are $5M to $15M.
- Asset Types: All industrial types including traditional warehouses, small-bay, IOS, manufacturing, etc.
- Leverage: ~75% LTV
- Pricing: S+3.50% to 5.00%
- Recent Deals:
- Warehouse + IOS value-add acquisition in Pantego, TX
- IOS + bus terminal acquisition in Easton, PA
- Small-bay + flex portfolio in GA
- Competitive Advantages: High-leverage, quick closes, and low legal bills. Most of their legal costs have ranged from $6K to $15K.
- Notes: The capital is currently being funded via parent company's new value-add fund, but this will be a stand-alone platform with its own capital soon.
