Investment Opportunities
$17,200,000 Bridge Loan Required
Multi-Family (Condo) & Land
The sponsor is seeking a $17.2M bridge loan with a Loan-to-Cost (LTC) ratio of 63% for the acquisition and pre-development of an manufacturing building (in operation) and the adjacent land located in Hudson Yards.
Position:
Senior Debt
Financing Type:
Bridge Loan
Amount Required/Requested:
$17.2M
LTV:
63%
Property Type:
Multi-Family (Condo) & Land
Location:
New York City, New York
New York City, New York
$17,200,000 Bridge Loan Required
Multi-Family (Condo) & Land
The sponsor is seeking a $17.2M bridge loan with a Loan-to-Cost (LTC) ratio of 63% for the acquisition and pre-development of an manufacturing building (in operation) and the adjacent land located in Hudson Yards.
Position:
Senior Debt
Financing Type:
Bridge Loan
Amount Required/Requested:
$17.2M
LTV:
63%
Property Type:
Multi-Family (Condo) & Land
Location:
New York City, New York
New York City, New York
$17,200,000 Bridge Loan Required
Multi-Family (Condo) & Land
The sponsor is seeking a $17.2M bridge loan with a Loan-to-Cost (LTC) ratio of 63% for the acquisition and pre-development of an manufacturing building (in operation) and the adjacent land located in Hudson Yards.
Position:
Senior Debt
Financing Type:
Bridge Loan
Amount Required/Requested:
$17.2M
LTV:
63%
Property Type:
Multi-Family (Condo) & Land
Location:
New York City, New York
New York City, New York
$25,000,000 Refinancing Loan Required
Multi-Family (Rental)
ANAX has been engaged by The Sponsor to secure $25M in refinancing for a completed multi-family rental development located in Queens, New York. This refinancing represents 67% loan-to-value upon stabilization and supports the 56,447 square-foot development. The project benefits from the 421-a tax incentive legislation and has been approved for a 15-year Industrial & Commercial Abatement Program (ICAP). Additionally, the developer is utilizing an inclusionary housing zoning bonus, which mandates that 20% of the units be affordable. Given the expected approval for the 421-a program, this requirement increases to 30%.
Position:
Senior Debt
Financing Type:
Permanent Debt
Amount Required/Requested:
$25M
LTV:
67%
Location:
Queens, New York
Queens, New York
$25,000,000 Refinancing Loan Required
Multi-Family (Rental)
ANAX has been engaged by The Sponsor to secure $25M in refinancing for a completed multi-family rental development located in Queens, New York. This refinancing represents 67% loan-to-value upon stabilization and supports the 56,447 square-foot development. The project benefits from the 421-a tax incentive legislation and has been approved for a 15-year Industrial & Commercial Abatement Program (ICAP). Additionally, the developer is utilizing an inclusionary housing zoning bonus, which mandates that 20% of the units be affordable. Given the expected approval for the 421-a program, this requirement increases to 30%.
Position:
Senior Debt
Financing Type:
Permanent Debt
Amount Required/Requested:
$25M
LTV:
67%
Location:
Queens, New York
Queens, New York
$25,000,000 Refinancing Loan Required
Multi-Family (Rental)
ANAX has been engaged by The Sponsor to secure $25M in refinancing for a completed multi-family rental development located in Queens, New York. This refinancing represents 67% loan-to-value upon stabilization and supports the 56,447 square-foot development. The project benefits from the 421-a tax incentive legislation and has been approved for a 15-year Industrial & Commercial Abatement Program (ICAP). Additionally, the developer is utilizing an inclusionary housing zoning bonus, which mandates that 20% of the units be affordable. Given the expected approval for the 421-a program, this requirement increases to 30%.
Position:
Senior Debt
Financing Type:
Permanent Debt
Amount Required/Requested:
$25M
LTV:
67%
Location:
Queens, New York
Queens, New York
$71,900,220 Construction Loan Required
Multi-Family (Condo)
The sponsor seeks $126.3M (77% CLTC) in construction financing. This financing includes $72M in senior debt (44% LTC) and $54.5M in C-Pace financing (33% LTC). The financing will be used to develop a 222-unit multi-family project located in Fort Myers, FL. This exciting project will create 588,636 gross square feet into a modern community with amenities including a three-tiered saltwater swimming pool, state-of-the-art fitness center, yoga room, virtual golf and more. Land acquisition is complete, with a total development cost estimated to be $163M once completed.
Position:
Senior Debt
Financing Type:
Senior Debt
Amount Required/Requested:
$72M
LTV:
44%
Property Type:
Land
Location:
Fort Myers, Florida
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Fort Myers, Florida
$71,900,220 Construction Loan Required
Multi-Family (Condo)
The sponsor seeks $126.3M (77% CLTC) in construction financing. This financing includes $72M in senior debt (44% LTC) and $54.5M in C-Pace financing (33% LTC). The financing will be used to develop a 222-unit multi-family project located in Fort Myers, FL. This exciting project will create 588,636 gross square feet into a modern community with amenities including a three-tiered saltwater swimming pool, state-of-the-art fitness center, yoga room, virtual golf and more. Land acquisition is complete, with a total development cost estimated to be $163M once completed.
Position:
Senior Debt
Financing Type:
Senior Debt
Amount Required/Requested:
$72M
LTV:
44%
Property Type:
Land
Location:
Fort Myers, Florida
Fort Myers, Florida
$71,900,220 Construction Loan Required
Multi-Family (Condo)
The sponsor seeks $126.3M (77% CLTC) in construction financing. This financing includes $72M in senior debt (44% LTC) and $54.5M in C-Pace financing (33% LTC). The financing will be used to develop a 222-unit multi-family project located in Fort Myers, FL. This exciting project will create 588,636 gross square feet into a modern community with amenities including a three-tiered saltwater swimming pool, state-of-the-art fitness center, yoga room, virtual golf and more. Land acquisition is complete, with a total development cost estimated to be $163M once completed.
Position:
Senior Debt
Financing Type:
Senior Debt
Amount Required/Requested:
$72M
LTV:
44%
Property Type:
Land
Location:
Fort Myers, Florida
Fort Myers, Florida
$19,366,771 Construction Loan Required
Multi-Family (Rental)
The sponsor is seeks $49.7 million (75% LTC) in construction financing. This financing includes $19.3M in senior debt (37% LTC) and $20.3M in C-Pace financing (38% LTC). The financing will be used to develop a 207-unit multi-family project located in Sacramento, CA. This exciting project will transform 181,645 gross square feet into a modern community with amenities including office space, retail, and a rooftop terrace. Land acquisition is complete, with a total development cost estimated to be $52.9 million once completed. This project is anticipated to break ground end of summer 2024.
Position:
Senior Debt
Financing Type:
Senior Debt
Amount Required/Requested:
$19.3M
LTV:
75%
Property Type:
Land
Location:
Sacramento, CA
Sacramento, CA
$19,366,771 Construction Loan Required
Multi-Family (Rental)
The sponsor is seeks $49.7 million (75% LTC) in construction financing. This financing includes $19.3M in senior debt (37% LTC) and $20.3M in C-Pace financing (38% LTC). The financing will be used to develop a 207-unit multi-family project located in Sacramento, CA. This exciting project will transform 181,645 gross square feet into a modern community with amenities including office space, retail, and a rooftop terrace. Land acquisition is complete, with a total development cost estimated to be $52.9 million once completed. This project is anticipated to break ground end of summer 2024.
Position:
Senior Debt
Financing Type:
Senior Debt
Amount Required/Requested:
$19.3M
LTV:
75%
Property Type:
Land
Location:
Sacramento, CA
Sacramento, CA
$19,366,771 Construction Loan Required
Multi-Family (Rental)
The sponsor is seeks $49.7 million (75% LTC) in construction financing. This financing includes $19.3M in senior debt (37% LTC) and $20.3M in C-Pace financing (38% LTC). The financing will be used to develop a 207-unit multi-family project located in Sacramento, CA. This exciting project will transform 181,645 gross square feet into a modern community with amenities including office space, retail, and a rooftop terrace. Land acquisition is complete, with a total development cost estimated to be $52.9 million once completed. This project is anticipated to break ground end of summer 2024.
Position:
Senior Debt
Financing Type:
Senior Debt
Amount Required/Requested:
$19.3M
LTV:
75%
Property Type:
Land
Location:
Sacramento, CA
Sacramento, CA
$135,000,000 Limited Partner Required
Mixed-Use Panoramic Tower
Sponsor seeks a $135M Limited Partner (LP) to develop a 670-foot tall luxury mixed-use panoramic tower in Brooklyn, New York. This 375,000-square-foot project will offer 96 rental units, 58 condo units and 130 parking spaces. Amenities include rooftop pool, tennis court, fitness center, indoor lap pool, signature restaurant, and valet parking.
Financing Type:
Limited Partner (LP)
Amount Type:
$135M
Property Type:
Mixed-Use
Location:
Brooklyn, New York
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Brooklyn, New York
$135,000,000 Limited Partner Required
Mixed-Use Panoramic Tower
Sponsor seeks a $135M Limited Partner (LP) to develop a 670-foot tall luxury mixed-use panoramic tower in Brooklyn, New York. This 375,000-square-foot project will offer 96 rental units, 58 condo units and 130 parking spaces. Amenities include rooftop pool, tennis court, fitness center, indoor lap pool, signature restaurant, and valet parking.
Financing Type:
Limited Partner (LP)
Amount Type:
$135M
Property Type:
Mixed-Use
Location:
Brooklyn, New York
Brooklyn, New York
$135,000,000 Limited Partner Required
Mixed-Use Panoramic Tower
Sponsor seeks a $135M Limited Partner (LP) to develop a 670-foot tall luxury mixed-use panoramic tower in Brooklyn, New York. This 375,000-square-foot project will offer 96 rental units, 58 condo units and 130 parking spaces. Amenities include rooftop pool, tennis court, fitness center, indoor lap pool, signature restaurant, and valet parking.
Financing Type:
Limited Partner (LP)
Amount Type:
$135M
Property Type:
Mixed-Use
Location:
Brooklyn, New York
Brooklyn, New York
$15,000,000 Limited Partner Required
Branded Multi-Family (Condo)
Sponsor seeks a $15M Limited Partner (LP) to develop a branded multi-family condo in Miami, Florida. This 409,118-square-foot project will offer 78 condo units with parking spaces. Amenities include rooftop pool and gym.
Financing Type:
Limited Partner (LP)
Amount Type:
$15M
Property Type:
Multi-Family (Condo)
Location:
Miami, Florida
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Miami, Florida
$15,000,000 Limited Partner Required
Branded Multi-Family (Condo)
Sponsor seeks a $15M Limited Partner (LP) to develop a branded multi-family condo in Miami, Florida. This 409,118-square-foot project will offer 78 condo units with parking spaces. Amenities include rooftop pool and gym.
Financing Type:
Limited Partner (LP)
Amount Type:
$15M
Property Type:
Multi-Family (Condo)
Location:
Miami, Florida
Miami, Florida
$15,000,000 Limited Partner Required
Branded Multi-Family (Condo)
Sponsor seeks a $15M Limited Partner (LP) to develop a branded multi-family condo in Miami, Florida. This 409,118-square-foot project will offer 78 condo units with parking spaces. Amenities include rooftop pool and gym.
Financing Type:
Limited Partner (LP)
Amount Type:
$15M
Property Type:
Multi-Family (Condo)
Location:
Miami, Florida
Miami, Florida
$15,000,000 Land Loan Required
Land Acquisition
Sponsor seeks $15M in financing the acquisition of a prime waterfront site in Miami, Florida, with the intention to commence pre-development phases. The vision for this project is to transform the acquired land into a luxury residential development, encompassing a gross square footage of 552,432 GSF, which includes 60,000 SF dedicated to high-end amenities End Product: The development is projected to offer 285,483 net square feet (NSF) of living space, divided into 147 new condominium units. This initiative aims to leverage the strong market demand and the area's capacity for high sales prices, ensuring a luxurious living experience. Total Development Cost: Estimated at $275.7 million.
Position:
Senior Debt
Financing Type:
Land Loan
Amount Required/Requested:
$15M
LTV:
50%
Property Type:
Land
Location:
Miami, Florida
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Miami, Florida
$15,000,000 Land Loan Required
Land Acquisition
Sponsor seeks $15M in financing the acquisition of a prime waterfront site in Miami, Florida, with the intention to commence pre-development phases. The vision for this project is to transform the acquired land into a luxury residential development, encompassing a gross square footage of 552,432 GSF, which includes 60,000 SF dedicated to high-end amenities End Product: The development is projected to offer 285,483 net square feet (NSF) of living space, divided into 147 new condominium units. This initiative aims to leverage the strong market demand and the area's capacity for high sales prices, ensuring a luxurious living experience. Total Development Cost: Estimated at $275.7 million.
Position:
Senior Debt
Financing Type:
Land Loan
Amount Required/Requested:
$15M
LTV:
50%
Property Type:
Land
Location:
Miami, Florida
Miami, Florida
$15,000,000 Land Loan Required
Land Acquisition
Sponsor seeks $15M in financing the acquisition of a prime waterfront site in Miami, Florida, with the intention to commence pre-development phases. The vision for this project is to transform the acquired land into a luxury residential development, encompassing a gross square footage of 552,432 GSF, which includes 60,000 SF dedicated to high-end amenities End Product: The development is projected to offer 285,483 net square feet (NSF) of living space, divided into 147 new condominium units. This initiative aims to leverage the strong market demand and the area's capacity for high sales prices, ensuring a luxurious living experience. Total Development Cost: Estimated at $275.7 million.
Position:
Senior Debt
Financing Type:
Land Loan
Amount Required/Requested:
$15M
LTV:
50%
Property Type:
Land
Location:
Miami, Florida
Miami, Florida
$55,000,000 Construction Loan Required
Multi-Family (Rental)
Sponsor seeks a $55M construction loan to develop a multi-family rental property in Freeport, NY. This 163800 gross-square-foot project will offer 200 rental units and 60 parking spaces. Amenities include rooftop, lounge, and fitness center.
Position:
Senior Debt
Financing Type:
Senior Debt
Amount Required/Requested:
$55M
LTV:
70%
Property Type:
Land
Location:
Freeport, New York
Freeport, New York
$55,000,000 Construction Loan Required
Multi-Family (Rental)
Sponsor seeks a $55M construction loan to develop a multi-family rental property in Freeport, NY. This 163800 gross-square-foot project will offer 200 rental units and 60 parking spaces. Amenities include rooftop, lounge, and fitness center.
Position:
Senior Debt
Financing Type:
Senior Debt
Amount Required/Requested:
$55M
LTV:
70%
Property Type:
Land
Location:
Freeport, New York
Freeport, New York
$55,000,000 Construction Loan Required
Multi-Family (Rental)
Sponsor seeks a $55M construction loan to develop a multi-family rental property in Freeport, NY. This 163800 gross-square-foot project will offer 200 rental units and 60 parking spaces. Amenities include rooftop, lounge, and fitness center.
Position:
Senior Debt
Financing Type:
Senior Debt
Amount Required/Requested:
$55M
LTV:
70%
Property Type:
Land
Location:
Freeport, New York
Freeport, New York
© 2024 ANAX Real Estate Partners
© 2024 ANAX Real Estate Partners