| Mezzanine and Structured Debt Investments |
 |
Our focus is on income-producing properties where borrowers need gap financing to capitalize on value-add situations, buyouts, acquisitions, bridge financing and earn-outs in conjunction with capital improvement programs. We offer flexibility in structures including second mortgage loans, preferred equity, partnership loans and other structures as necessary to meet the transaction requirements. Targeted returns are in the mid to upper teens and are achieved through a variety of different methods including both fixed pay and partial floating rate debt, cashflow participation, accruals, look-back payments and exit fees.
Terms and pricing of individual transactions are a function of project leverage, debt service coverage, the underlying collateral and the sponsorship.
The principals and senior management of NYLIM's mezzanine program are experienced in all facets of real estate finance. For more information or to discuss a specific transaction, please contact:
Kevin M. Smith, Managing Director
Telephone: (212) 576-7047
E-mail Address: kevin_smith@nylim.com
Prior to investing in the fund you should obtain and consider the Product Disclosure Statement for the Fund available from your financial adviser. Please read all material carefully before investing as there are additional risks associated with such investments.
|
_12.gif){kind=small}
