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Transwestern Realty Finance Partners - Investment Criteria

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.

 

 

PROPERTY TYPES:
 

·         Office

·         Multifamily

·         Retail

·         Mixed-Use

·         Industrial

·         Hotels

 
TARGET SIZE:
 
$5 to $25 million, greater in portfolio situations 
 
MAXIMUM LEVERAGE:
 
85% of transaction value 
TERM:
 
1 to 5 years; terms greater than 5 years will require amortization 
 
RATE:
 
Various rate structures available, including fixed and floating, full coupon and pay/accrue, and preferred return with profit participation.  The overall rate is dependent upon the risk profile of the investment.
 
TARGET INVESTMENTS:
 
·         Conservative LTV and/or DSCR

·         Value-Add Situations with Realistic Business Plans and
 Strong Sponsorship

·         Structured High Yield Opportunities

 
COLLATERAL:
 

·         Mezzanine loan secured by pledge of equity interests

·         Preferred equity in select situations

 
CALL PROTECTION:
Early repayment subject to yield or spread maintenance, and/or exit fees 
 
RECOURSE:
Subject to standard carve-outs 
 
INTERCREDITOR AGREEMENT:
Standard intercreditor agreement required 
 
GEOGRAPHIC COVERAGE:
 
 
Atlanta        - Mid-Atlantic and Southeast
Chicago      - Central
Denver        - West
New York    - Northeast

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