Sub and non-performing debt
Senior Secured
Multifamily, Office, Flex, Industrial, and Senior Living
All US Markets
$5MM – $30MM
30%+ Leveraged IRR’s
1-3 years
Below PAR purchases on well collateralized debt with accrued interest, default interest, exit fees, late fees, minimum interest/yield maintenance, maturity defaults, monetary defaults & technical defaults
Rising interest rates results in distressed assets, particularly multi-family and office properties with 5 year interest only senior loans.
Value-Add Assisted Living
All US Markets
$8MM – $40MM
15%+ Leveraged IRR’s
4-5 years
Off-market, assisted living facilities in strong demand markets that are in need of reposition. Reassign operating partner and establish performance metrics to drive NOI targets. Active management.
Multi-family investors with workout assisted living facilities do not have team or resources to perform business turnaround; thus creating value-add opportunities, while aging population accelerates.
