OPPORTUNITY SOURCING
Creating Unique Opportunities for New Alternative Credit Funds
With more risk-averse traditional lenders providing lower levels of leverage, debt funds seeking higher returns can play a role higher up the capital stack.
Rescue Financing
Development Financing
Reposition Development
Opportunity
Rescue Financing
Provide mezz capital to stressed owners for high
quality assets
Development Financing
Provide mezz capital to stressed owners for high
quality assets
Reposition Development
Provide mezzanine
financing to transform
and reposition assets
to unlock their true
value
Transaction Characteristics
Rescue Financing
15% + Mezzanine or pref. equity
Collateral: Share Pledge and/or 1st mortgage
2.0x equity coverage
Top Quality Developer /
Experienced operating /
development teams
Development Financing
15%+ target return (cash coupons + entry and exit fees)
Collateral: Share Pledge + 1st mortgage
2.0x equity coverage
Top Quality Developer /
Experienced operating /
development teams
Reposition Development
15% + target return (cash + entry and exit fees)
Collateral: Share
Pledge and/or 1st mortgage
2.0x equity coverage
Create class A+ product
Transaction Characteristics
Rescue Financing
Residential: Late stage
residential development
Second Home: Late stage development
Hotels: Stressed and / or later stage hotel developments
Development Financing
Residential: Greater Lisbon:
Second Home: Top quality locations in the Algarve and Comporta Region
Hotels: Close to Lisbon
Reposition Development
Office: Obsolete product in prime locations in Lisbon
Hotels: Conversion of resi or office space into hotels in prime locations