Commercial Real Estate Lending

Contact us today to find
out how you can work
with one of the most experienced lending teams in the industry.

FundCore Finance Group
One World Financial Center, 30th Floor
New York, NY 10281
info@fundcorefinance.com

212.909.5897

 

East Coast:

Scott Stein
212.909.5860

West Coast:

Alan Fox

310.546.8135

 

 

FundCore Finance Group is a commercial real estate lending platform focused on the acquisition and origination of high-quality first mortgage loans, mezzanine loans and preferred equity on performing assets. FundCore brings together, in a fully integrated platform, the combined expertise of the team that ran commercial real estate lending at Merrill Lynch for the past decade, with that of the Black Creek Group, which has a long-term track record of hard asset underwriting and operating experience, as well as distressed investing expertise.

The firm’s senior partners have an average of twenty years of experience in commercial real estate lending, syndication, loan structuring, CMBS bond trading, mortgage sales, workouts and restructurings. Since 2002, members of our team have been involved in over $44 billion of commercial real estate financings, and since 1991, have directly owned and operated more than $6.6 billion of institutional-quality commercial real estate across all major property types.

General Lending Parameters
Markets Top 50 MSAs (population > 1,000,000)
Property Types Hospitality, industrial, office, multifamily, retail and self- storage. Typically urban, infill core and core-plus properties (versus value-add) that are in attractive locations with strong tenancies and sponsors.
Property Quality B and better
Loan Term 2 to 5 years
Targeted Loan Size $5+ million
Non-Recourse Fixed and Floating Rate First Mortgages

LTV: 55% to 75%

DSCR: > 1.25x

Coupons: Competitive

Amortization: Typically 25- or 30-year, interest only (floating rate)

Origination/Extension/Exit Fees: 0% - 2+%
Non-Recourse Fixed and Floating Rate Mezzanine Loans, B-Notes and Preferred Equity

LTV: up to 80%

DSCR: > 1.05x

Coupons: Competitive

Amortization: Typically 25- or 30-year, interest only (floating rate)

Origination/Extension/Exit Fees: 0% - 2+%