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Real Estate Capital Markets

THE ULTIMATE IN CUSTOMIZED FINANCING

We offer a broad array of financing options that address investors’ unique goals and circumstances, whether they require alternative permanent debt, bridge loans, construction loans, mezzanine debt, or preferred equity. Lument’s capital markets platform provides access to a wide range of alternative lending sources, including banks, debt funds, life companies, and conduits. These offerings complement our agency and balance sheet loans and enable Lument to provide customized financing solutions for all commercial real estate asset classes: multifamily, manufactured housing, student housing, self-storage, industrial, retail, hospitality, and office.

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Our capital markets team has the programs, partnerships, and intellectual resources to execute your next transaction with both speed and transparency.

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Chicago Workforce Housing Portfolio

Originator: Hirsch Simins

Loan Purpose: Refinance, Bridge-to-Bridge

Execution: Debt Fund

Location: Chicago, IL

Term: 24-months with two six-month extensions

Lument’s Real Estate Capital Markets team completed a bridge-to-bridge refinance for a portfolio of five multifamily properties in Chicago. The portfolio had minimal in-place cash flow, but there was a clear path to net operating income (NOI) growth and stabilization, which Lument was able to effectively present. The sponsor has a large presence in the Midwest (20,000 units) which helped generate strong interest from the market. Lument successfully negotiated a non-recourse, cash-neutral offer from a debt fund to allow the sponsor to finish executing his business plan.

Industrial Flex Perm Loan with Full-Term I/O

Originator: Mark Vinitsky

Loan Purpose: Acquisition

Execution: CMBS

Location: Asheville, NC

LTV: 68%

Term: Five years

Lument’s Real Estate Capital Markets team recently arranged acquisition financing for an industrial center in Asheville, North Carolina. The industrial flex property historically had faced challenging environmental issues, so Lument collaborated with the lender and environmental attorneys to address the risks early in the process. Additionally, fifty percent of the economic rent roll had leases expiring within five years and a single office tenant generated half of the property’s income. Lument set aside appropriate reserves to mitigate the lease roll risks. Thanks to these measures, Lument was able to structure the transaction as a full-term, interest-only, commercial mortgage-backed security (CMBS) loan, providing the borrower higher proceeds than it could have received from banks.

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