Recent Transactions

Multi-Family Bridge Loan

Location
Elizabeth, NJ
Loan size
$75MM
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
Description
Senior debt 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
Description
Secured by a 0.77-acre waterfront land site nestled between 94th and 95th street on East Bay Harbor Drive. Approved plans feature an eight-story, 170,638 GSF luxury condo building, comprising 57 for-sale condo units (97,133 NSSF) and 13 for-sale boat slips.

Condo Inventory Loan

Location
Sunrise, FL
Loan size
$11MM
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
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
Description
Benmark Capital purchased a $5.5MM note secured by a two-story, 4,600 square foot, plus an additional 2,355 SF of below grade space (the “Collateral Property”). The Collateral Property is a two floor building split into three white-box tenant spaces in the middle of a lease up.