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MEZZANINE, BRIDGE, AND STRUCTURED DEBT INVESTMENTS
The Real Estate Group's 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. The Group offers 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 and structured debt investments are experienced in all facets of real estate finance. For more information or to discuss a specific transaction, please contact:
Richard M. Walsh, Managing Director
richard_walsh@nylim.com
212-576-5241
Timothy M. McGinnis, Managing Director
timothy_mcginnis@nylim.com
212-576-6770
Equity Investments
Daniel Davitt, Director
daniel_davitt@nylim.com
212-576-8324
Loan Participations
Brian Furlong, Director
brian_furlong@nylim.com
212-576-6041
Paul Cody, Vice President
paul_cody@nylim.com
212-576-6231
High Yield Investments
Kevin M. Smith, Managing Director
kevin_smith@nylim.com
212-576-7047
Robert Quinn, Vice President
robert_quinn@nylim.com
212-576-5362
John D. Fontaine, Vice President
john_fontaine@nylim.com
312-627-0627
Alfred Mendoza, Senior Analyst
alfred_mendoza@nylim.com
212-576-7093
Angel Van Lowe, Senior Asset Manager
angel_vanlowe@nylim.com
212-576-3496
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.
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