Capabilities
Senior Debt
We arrange senior mortgage debt through banks, debt funds, life companies, agency, and CMBS, and we price those options against each other rather than against a relationship. Refinancings and recapitalizations sit here too, including assets whose capital structure no longer fits the business plan.
At a glance
Deal size
$5M+
Structures
Senior mortgage, stretch senior, construction, bridge-to-agency, refinance
Asset types
Multifamily, industrial, retail, office, hospitality, self-storage, land, mixed-use, and other
Capital sources
Banks, debt funds, life companies, agency, CMBS
When it fits
- The basis is defensible at today's rates.
- You have a business plan with dates on it, and the debt needs to match those dates.
- The relationship lender's quote deserves a market check before you sign it.
- Debt is maturing and the asset is sound, so you need a new structure rather than a sale.
When it doesn't
- The gap you are trying to close is an equity gap, and more leverage will not fix a thin deal.
- The asset needs a story that the rent roll does not support.
- You are 30 days from maturity with no extension and no cash. That is a workout, and you need counsel first.
- The file is not built and you need to be in market tomorrow.
Structures arranged
- Senior mortgage — fixed and floating
- Stretch senior
- Construction and construction-to-perm
- Bridge-to-agency and agency permanent
- Refinance and extension
- Partner buyout and rescue capital
- Assumption and supplemental financing
Representative transactions
$10.7M
Senior Mortgage
$18M
Senior Mortgage
$5.4M
Senior Mortgage