Credit

Related Fund Management’s real estate credit platform provides capital to be used for commercial real estate projects whose business plans include value add renovation, re-development, conversion and new construction as well the acquisition and pre-development of entitled land situated in infill locations. Target investments are sourced across the United States, in gateway cities including Boston, Chicago, Dallas, Los Angeles, Miami, New York, San Francisco, Seattle, Washington D.C., and secondary markets that demonstrate strong supply/demand imbalances as well as select Western European markets. Investments can be structured as high leverage mortgage loans, mezzanine loans, preferred equity or first mortgage/mezzanine financing against distressed debt.

The platform has invested nearly $2 billion in real estate credit transactions globally since 2013 (as of Q4 2017), demonstrating an ability to provide innovative capital solutions for complex projects. The platform is staffed with an experienced, multi-disciplinary group of dedicated investment professionals and is affiliated with an experienced owner, operator, investor, and developer. Offices are located in New York, Los Angeles, and London, with supporting offices of Related Companies and HPS Investment Partners located across the globe.

For more information, please contact us at 212.596.3996 or email credit@related.com

This material does not constitute an offer of securities which will only be made by prospectus or offering memorandum.

Credit

Related Fund Management’s real estate credit platform provides capital to be used for commercial real estate projects whose business plans include value add renovation, re-development, conversion and new construction as well the acquisition and pre-development of entitled land situated in infill locations. Target investments are sourced across the United States, in gateway cities including Boston, Chicago, Dallas, Los Angeles, Miami, New York, San Francisco, Seattle, Washington D.C., and secondary markets that demonstrate strong supply/demand imbalances as well as select Western European markets. Investments can be structured as high leverage mortgage loans, mezzanine loans, preferred equity or first mortgage/mezzanine financing against distressed debt.

The platform has invested nearly $2 billion in real estate credit transactions globally since 2013 (as of Q4 2017), demonstrating an ability to provide innovative capital solutions for complex projects. The platform is staffed with an experienced, multi-disciplinary group of dedicated investment professionals and is affiliated with an experienced owner, operator, investor, and developer. Offices are located in New York, Los Angeles, and London, with supporting offices of Related Companies and HPS Investment Partners located across the globe.

For more information, please contact us at 212.596.3996 or email credit@related.com

This material does not constitute an offer of securities which will only be made by prospectus or offering memorandum.

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Summary of Investment Terms:

  • Investment Types: Acquisition, bridge, ground-up development, transitional, value-add, core-plus, note-on-note financing, and DPO/DIP financing
  • Structures: First mortgage, stretch-senior whole loan, mezzanine, and “debt-like” preferred equity
  • Minimum Size:
    • Greater than $25 million for subordinate debt
    • Greater than $75 million for whole loans
  • Target Rate:
    • Greater than L + 10.00% for subordinate debt
    • Greater than L + 5.50% for whole loans
  • Term: Generally 3-5 years
  • Leverage: Maximum 85% of value or cost
  • Interest Features: Current pay, current pay + accrual, or current pay + accrual + profit participation
  • Asset Classes: Multifamily, hotel, office, retail, condominium, industrial, land (generally entitled urban infill or value covered by existing use), senior housing, student housing, and assisted living
  • Locations: All United States, Canada, and Western European markets are considered, with a preference for primary and secondary markets

This material does not constitute an offer of securities which will only be made by prospectus or offering memorandum.