provide equity for qualified sponsors across the United States.
JV Equity
$2,000,000 - $30,000,000- Preferred asset classes include multifamily, manufactured housing, retail, self storage, office and limited service hotel
- LP and/or Co-GP equity available; Co-GP funding may be as low as $250,000
- Funds available for value add acquisitions, recapitalization or development
- Up to 90% equity contributions
- Holding period of 3 – 5 years
- Pari passu returns before promote vary
- Promote structure varies dependent on initial equity split and hurdles
Mezzanine / Preferred Equity
$5,000,000 - $30,000,000- Preferred asset classes include multifamily, manufactured housing, retail, office, industrial and hospitality
- Funds available for acquisition, recapitalization and some development transactions
- Smaller balance funding available on a case-by-case basis
- Up to 90% of the total capital stack
- Fixed or floating rate
- Coterminous with senior debt
- Pledge of partnership interests may be required
Sponsorship
General Criteria- Proven track record
- Assets currently under management
- Experienced team in place
- Institutional reporting capability
- Pipeline of potential new transactions
- Good credit standing
Capital Sources
Types of Equity Capital Relationships- Private equity groups
- Family offices
- Equity funds
- Institutional equity investors
- Offshore investment groups