Debt Transactions

Multi-Family Bridge Loan

Location
Elizabeth, NJ
Loan size
$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
Miami, FL
Loan size
$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.

Condo Construction Loan

Location
Bay Harbor Islands, FL
Loan size
$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 size
$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 size
$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 size
$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
Loan size
$432MM
Deal structure
Equity
Description
Acquired a 977-unit, 104-building portfolio located through gentrified Northern and Central Brooklyn, NY