OPPORTUNISTIC STRATEGIES
- Ability to acquire multi-family properties below replacement cost.
- Access to long term low fixed rate financing with attractive LTVs (65% or more).
- Attractive high single digit cap rates in selective, growing US markets.
- Ability to increase occupancy and/or operating income of multi-family properties, through renovations and other enhancements to the property.
- Create value through significant NOI growth.
- 5 to 7 year time horizon to complete tenancy turnover and stabilization at higher revenue levels.
- Target net cash-on-cash returns ranging between 5% to 8% and net ROI’s ranging between 15% to 20% through refinancing and/or sale.
- Short term bridge loans in advance of construction loan and first mortgage.
- Normally senior secured, with additional guarantee from developer.
- 12 to 24 month duration.
- LTV’s between 25% and 75%.
- Target net annualized returns ranging between 10% to 15%.
- Opportunistic participation in other real-estate segments (e.g. new developments, distressed sales and bankruptcy auctions, hotels).
- Investments across the capital structure.
- 24 to 36 month investment horizon.
- Target net annualized returns of 30%+.
