Acquisition Criteria
Loan Criteria
THROUGHOUT THE COUNTRY
- Minimum 9% Cap Rate (Actual)
- Malls, Shopping Centers, Medical and Office Buildings
- Minimum Price of $2 Million
- No Maximum Price
- Value-add or stabilized
- Willing to accept rollover risk and credit risk
WITHIN THE NY BOROUGHS
- Minimum 6% Cap Rate (Actual)
- Retail and Office
- No Minimum or Maximum Price
- Vacant buildings less than $250 psf
- Value-add or stabilized
- Willing to accept rollover risk and credit risk
WITHIN NEW YORK CITY
- Minimum 4% Cap Rate (Actual)
- Residential, Retail, Office
- Minimum Price of $1 Million
- No Maximum Price
- Value-Add (Below Market Rents)
WITHIN LONG ISLAND
- Minimum 7% Cap Rate (Actual)
- Retail and Office
- No Minimum or Maximum Price
- Minimum of 10,000 square feet
- Vacant buildings less than $150 psf with ample parking (4 spaces per 1,000 SF)
- Value-add or stabilized
- Willing to accept rollover risk and credit risk
Loan Type
- First Mortgage
- Mezzanine
Collateral: Retail
- NNN/Free Standing Retail
- Strip Center/Shopping Center
- Power Center
- Mall
Regions
- United States
Performance Level
- Performing
- Sub-Performing
- Non-Performing
Interest Type
- Fixed
- Variable
Price
- Minimum of $1 million
- No Maximum