Commercial Real Estate Debt Fund
Overview
Our client is a private debt platform that will provide B notes on land and bridge loans in primary markets in the US.
- Sponsor will contribute up to $15 million of the $50 raise
- Opportunity to invest in nonperforming loans caused by the COVID-19 pandemic
- Strategic partnership with lending affiliate of major commercial real estate company – will provide leads and initial underwriting from its pipeline of opportunities
- Individual exposures of $1-10 million with 6-month to 2-year terms
- Targeting 15+% yields
- senior lien/mortgage on each property
- leverage limit of 65% LTV
