J F KEEFER & ASSOCIATES
Direct Nationwide Lender
BRIDGE DEBT & EQUITY
Bridge Debt and Equity Available for NON-Credit Single-Tenant Properties Nationwide.
A diversified Hedge fund manager has rolled out a non-credit single-tenant real estate financing program. The
focus will be on either purchasing the equity in and/or financing $5M + properties leased to tenants that are unrated or those with lower then BBB/Baa2 ratings.
All industries and geographic locations (including Latin America and Europe) are acceptable. Pricing will depend on a number of factors including real estate quality and location and tenant financial situation. General guidelines are as follows;
A diversified Hedge fund manager has rolled out a non-credit single-tenant real estate financing program. The
focus will be on either purchasing the equity in and/or financing $5M + properties leased to tenants that are unrated or those with lower then BBB/Baa2 ratings.
All industries and geographic locations (including Latin America and Europe) are acceptable. Pricing will depend on a number of factors including real estate quality and location and tenant financial situation. General guidelines are as follows;
Debt:
Both senior and mezzanine financing available
Advance rates up to 90% of purchase price/value
Pricing starting at approximately LIBOR/Swaps
+ 175 Tenant rents should be at or below market
Equity:
Will buy either owner-occupied or sale/leaseback properties
Cap rates depend on real estate and tenant specifics
Tenant rents should be at or below market
Equity Capital for Multi-Family Development-Acquisition!
We are currently working with an institutional investor who will provide up to 90% of the equity (effectively leveraging 97.5% LTC) for RENTAL (no condos) multifamily projects in strong infill markets. The minimum equity investment they are seeking to deploy is $4-5M with no max.
The general equity structure is as follows; cash investments by sponsor and investor are treated parri passu up until a 10% preferred return is met. Thereafter the deal is split 50/50. They will look at existing and to be built projects.
Alternatively they can provide mezzanine financing in lieu of equity. They will fund up to 95% LTC at 700bps +/- over LIBOR. The interest reserve can be fully capitalized.
Both senior and mezzanine financing available
Advance rates up to 90% of purchase price/value
Pricing starting at approximately LIBOR/Swaps
+ 175 Tenant rents should be at or below market
Equity:
Will buy either owner-occupied or sale/leaseback properties
Cap rates depend on real estate and tenant specifics
Tenant rents should be at or below market
Equity Capital for Multi-Family Development-Acquisition!
We are currently working with an institutional investor who will provide up to 90% of the equity (effectively leveraging 97.5% LTC) for RENTAL (no condos) multifamily projects in strong infill markets. The minimum equity investment they are seeking to deploy is $4-5M with no max.
The general equity structure is as follows; cash investments by sponsor and investor are treated parri passu up until a 10% preferred return is met. Thereafter the deal is split 50/50. They will look at existing and to be built projects.
Alternatively they can provide mezzanine financing in lieu of equity. They will fund up to 95% LTC at 700bps +/- over LIBOR. The interest reserve can be fully capitalized.
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