| 7 – 25 – 12
A former debt fund has repositioned itself for wider returns and is now underwriting new Joint Ventures, Preferred Equity and Participating Senior Notes. DPOs are high on their radar as well as residential lots. They will consider special purpose assets with viable exit strategies. The fund’s niche is middle market transactions in secondary locations. Ground-up construction will be underwritten on a very selective basis. Returns start in the low teens for transactions of $4,000,000 or more. |