Loan Acquisition Criteria

We seek opportunities to invest in distressed debt by purchasing individual property loans or portfolios of loans secured by commercial real estate. The loan types we are interested in purchasing typically fall into one of three categories:

  • Partially performing loans
  • Construction loans
  • Non-performing loans

Loan Type:

Mortgage Loans, Mezzanine Loans, B-Notes, and Controlling Participating Interests.

Geographic Focus:

Primary: Major Markets in Western United States.
Secondary: Major “Global Gateway” markets throughout the United States.

Investment Size:

Minimum of $5mm and up.

Real Estate Type:

Loans secured by retail, office, industrial, hotel and multi-family property types.

Yield Strategies:

We typical employ one of two strategies to meet our yield requirements:

Loan Level Yield
Interest and “bonus principal”, prepayment and exit fees at maturity or refinance due to discounted purchase price. Securing discounted pay-offs and yield through loan re-structuring.

Property Level Yield
We seek to own select locations and property types where we can add-value through our in-house operating expertise.