Our investment portfolio is comprised of 99% senior first mortgages and over 98% floating rate loans, with $3.5 billion1 in total commitments, and is broadly diversified across several property types, geographies, and sponsors.
1Includes maximum loan commitments. Principal balance of $3.3 billion.
View Our PortfolioNumber of Loans
Total Loan Commitments
UPB
Weighted-average Cash Coupon
Weighted-average All-in Yield
Stabilized LTV at Origination
As of Mar. 31, 2023 • 10-Q Q1 2023
We focus on originating transactions that involve investing in and managing properties of various types across a wide range of locations. The following are select case studies1 that exemplify the breadth of our diverse, high-quality portfolio.
1 For illustrative purposes only.
Floating-Rate Senior Loan
03/2022
586,590 SF Industrial Property
Leominster, MA
$50 million
S + 3.25%
60.8%
Acquisition with ability to renew anchor tenant or lease to new tenants at higher rental rates.
Floating-Rate Senior Loan
02/2022
194,575 SF Office Building
Greenwood Village, CO
$23 million
S + 3.90%
60.2%
Refinancing of a recently renovated, well-located office building with opportunity to increase rents and occupancy to market levels.
Floating-Rate Senior Loan
11/2021
323 Unit Garden Style Multifamily Property
Hoover, AL
$33 million
L + 3.18%
68.1%
Acquisition with opportunity to renovate unit interiors, exteriors and amenities and increase rents to market levels.
Floating-Rate Senior Loan
12/2019
918 Unit Garden Style Multifamily Property
Des Plaines, IL
$111 million
L + 2.75%
73.0%
Conversion of condominium complex to rental apartments; opportunistic acquisition with ability to increase rents through unit upgrades.
Floating-Rate Senior Loan
10/2019
461,541 SF Office Portfolio
Nashville, TN
$88 million
L + 2.55%
74.2%
Acquisition of a recently renovated, well-located office portfolio with opportunity to increase rents and occupancy to market levels.
Floating-Rate Senior Loan
02/2020
161 Key Full-Service Hotel
Nashville, TN
$50 million
L + 3.30%
54.2%
Acquisition with a strong sponsor and plan to reposition the asset through upgrades.
Our executive team consists of seasoned professionals who possess broad investment management expertise, extensive industry relationships, and on average over 20 years of experience in the commercial real estate debt markets – much of that time working together.
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