Debt Transactions
Multi-Family Bridge Loan
Location
Elizabeth, NJ
Loan amount
$75MM
Deal structure
Debt
Description
Senior loan secured by two newly built six-story residential rental buildings comprising 274 units. The buildings are interconnected via a shared amenity building and a 550-space parking structure.
Land and Pre-Development Loan
Location
Las Vegas, NV
Loan amount
$42.5MM
Deal structure
Debt
Description
Senior loan secured by an 11.53 acre land parcel located in an established luxury gated community The Project will feature 171 luxury branded condominium units and 21 single family homes, along with state-of-the-art amenities and panoramic views.
Land and Pre-Development Loan
Location
Miami, FL
Loan amount
$15MM
Deal structure
Debt
Description
Senior loan secured for an as-of-right development site with 450,452 gross buildable SF, intended for 116-unit luxury condos.
Commercial & Residential Bridge Loan
Location
Brooklyn, NY
Loan amount
$14.5MM
Deal structure
Debt
Description
Senior loan secured by a 36,000 SF commercial & residential property. The property is 100% leased to a non-profit organization.
Condo Construction Loan
Location
Bay Harbor Islands, FL
Loan amount
$13MM
Deal structure
Debt
Description
Senior loan secured by a 0.77-acre waterfront land site on East Bay Harbor Drive. Approved plans feature an eight-story, 170,638 GSF luxury condo building, comprising 57 for-sale condo units and 13 for-sale boat slips.
Condo Inventory Loan
Location
Sunrise, FL
Loan amount
$11MM
Deal structure
Debt
Description
Note purchase collateralized by 50 condo units (unit sales ongoing) and an approved as-of-right land parcel for 250 apartment units.
NYC Parking Garage Portfolio
Location
Brooklyn, NY
Loan amount
$6.1MM
Deal structure
Debt
Description
Senior loan collateralized by a portfolio of parking garages in Brooklyn, NY, providing as-of-right access to 524 parking spaces.
NYC High Street Retail
Location
New York City, NY
Loan amount
$5.5MM
Deal structure
Debt
Description
Note purchase secured by secured by a two-story, 7,000 square feet, property. The property is a two floor building split into three white-box tenant spaces in the middle of a lease up.
Equity Transactions
Brooklyn Multifamily Portfolio
Location
Brooklyn, NY
Acquisition size
$432MM
Deal structure
Equity
Description
Acquired a 977-unit, 104-building portfolio located through gentrified Northern and Central Brooklyn, NY