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Ascent’s bridge, mezzanine and preferred equity lending programs
provide qualified borrowers with extremely flexible financing
options to meet their myriad needs. Ascent specializes in creative
legal and financing structures and prides itself on its ability
to tailor a transaction to the particulars of a given situation.
Loans can be secured by a variety of asset classes, including
office buildings, apartments, warehouses, shopping centers,
hotels, mixed use property, land, pools of performing and non-performing
loans, and development opportunities.
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Bridge Loan |
Mezzanine Loan |
Preferred Equity |
| Collateral Type: |
First Mortgage |
Equity Pledge |
P/E Interest |
| Loan to Value: |
80% |
90% |
90%+ |
| Loan Size: |
$5-$20mm |
$5-$15mm |
$5-$10mm |
| Interest Rates: |
From 10% |
From 12% |
From 15% |
| Current Pay: |
Yes |
Yes |
TBD |
| Accrue: |
Yes |
Yes |
TBD |
| Preferred Return: |
N/A |
N/A |
Yes |
| Term: |
1-2 years |
2-5 years |
3-5 years |
| Full Asset Underwriting: |
Yes |
Yes |
Yes |
| Targeted Asset Classes |
All |
All |
All |
| Construction Elements: |
| TI/LC Loan: |
N/A |
Yes |
Yes |
| Redevelopment: |
Yes |
Yes |
Yes |
| Conversion: |
Yes |
Yes |
Yes |
| Ground Up: |
Case-by-case |
Case-by-case |
Case-by-case |
Leveraging the vast experiences of its management, Ascent provides its borrowers, clients and joint venture partners with
a variety of real estate related
debt and preferred equity structure options. These instruments include mortgage loans, subordinate
loan participation interests and CMBS, among
others.
Ascent targets the acquisition of performing, sub-performing
and non-performing securities utilizing strict real estate
underwriting and market analysis. As with all of its investments,
Ascent only pursues those opportunities that
management believes will garner attractive returns on a risk-adjusted
basis.
Ascent is engaged in the pursuit of
a wide variety of real estate related equity transactions, from
the opportunistic acquisition of under performing real estate
to ground-up development to asset re-development. Ascent endeavors
to exploit the diverse experience of its management in order
to seek out those investment opportunities that are unrealized
by other investors.
Potential transactions include the following:
- Acquisition of non-stabilized real property that can benefit from new ownership and hands-on management in order to achieve stabilization and maximize performance.
- Acquisition of raw or under-utilized land for the purpose of ground-up development
or large scale re-development consistent with “highest and
best use” criteria.
- Acquisition of real property in need of significant repositioning due to obsolescence or market movements.
Ascent is positioned to act in a variety of capacities including partner, asset
manager and developer depending upon the needs of a given investment.
Our flexible investment objective is designed to take advantage
of only those situations where management believes the returns
outweigh the attendant risk.
The principals of Ascent have more than fifty years experience
in the development, re-development, ownership, management, financing
and liquidation of real estate throughout the United States.
Management combines real estate savvy, capital markets sophistication
and legal expertise. Experience has been garnered during all
market conditions involving all real estate asset classes. Ascent
can leverage these capabilities in order to benefit its clients
and relationships in the areas of real estate repositioning,
asset disposition and liquidation (with respect to both debt
and equity), workouts, litigation and bankruptcy, among other
things.
Recent experience has included the liquidation of a large portfolio of real estate assets, including REO, securities, whole loans, loan participations and mezzanine loans. These assets were of varying quality and geographically located throughout the United States. Disposition strategies involved a multitude of capital and legal structures and relationships of varying complexity with a disparate group of borrowers, third party investors and joint venture partners.
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