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Current Mezzanine Loan Investment Criteria
Transwestern Realty Finance Partners is now investing its Transwestern Mezzanine Realty Partners III fund.
For fast, flexible, and creative mezzanine financing structures, make Transwestern part of your real estate capital solution. Let us put our experience to work for you.
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PROPERTY TYPES:
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· Office
· Multifamily
· Retail
· Mixed-Use
· Industrial
· Hotels
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SIZE:
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$5 to $30 million, greater in multi-asset situations
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MAXIMUM LEVERAGE:
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85-90% of transaction value
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TERM:
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1 to 5 years; terms greater than 5 years will require amortization
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RATE:
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Various rate structures available, including fixed, floating, full coupon, pay/accrue, and preferred return with profit participation; overall rate dependent upon risk profile of investment
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TRANSACTION TYPES:
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· Acquisition
· Recapitalization
· Repositioning/Development
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COLLATERAL:
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· Mezzanine loan secured by pledge of equity interests
· Preferred equity in select situations
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CALL PROTECTION:
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Early repayment subject to call protection, e.g., make-whole, yield or spread maintenance, and/or exit fees
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RECOURSE:
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Subject to standard carve-outs
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INTERCREDITOR AGREEMENT:
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Standard intercreditor agreement required
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GEOGRAPHIC COVERAGE:
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Atlanta - Mid-Atlantic and Southeast
Chicago - Central
Denver - West
New York - Northeast
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