Non-Performing Note Financing for distressed debt or funds for a quick close are available now. This investment may be in the form of a JV, preferred equity investment or bridge loan and specifically targets lending on commercial real estate and multifamily assets in New York city, the five boroughs and throughout the State of New York. With investment as equity or as a bridge loan funds are available for multifamily retail/shopping center, office, light industrial and mixed use properties.
Non-Performing Note Financing Program
Region: New York City, the State of New York
Property Types: Multifamily Development, Apartment Complex, Apartment Community, Apartment Building, Mixed Use, Office, Warehouse, Retail, Shopping Center and Light Industrial.
Purpose: The non-performing note financing program is for the acquisition of distressed debt. The program can also be used for the acquisition of individual notes or portfolios. The funds are specialized and target the New York City, the State of New York and the North Eastern region of the United States.
Bridge Loan Details:
$5 million to $50 million
75% LTV/LTC – (Note: Preferred Equity is available for co-invest in aggressively priced projects in NYC and the five boroughs.)
8-12% Interest Only
12-36 Months w/6-month extensions available
3-6 Points (points dependent upon risk factors, experience of sponsor and strength of the opportunity)
9 months minimum interest due