Deal Info | Greenwich

Rivergate - Mezz / Equity

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Clarion Partners

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Ashley Graydelete

Date	10/27/2015
Greenwich Coverage
E-teaser Status
CA Status
IOM Status
Term Sheet Status
Categories	Term Sheets Received Executed Confidentiality Agreement Received Detailed Discussions Initial Discussions Groups that have Passed Uncategorized

Investment Criteria

Status for Deal Tracking Report (Most Recent Comment - Custom Comment )
01/20/2016 - The deal is gaining some momentum internally. Had a positive call with Ashley regarding the mezzanine position, and answered a number of questions regarding timing, term of ownership, Kettler's involvement, etc. She is circling up internally after our call, and will try to get us some additional feedback soon. She mentioned that they typically structure their funds with about half current pay and half accrual, and did mention that the head of their group was very familiar with the IDI Group Companies, and was interested in diving in a bit deeper. ; 01/27/16 - Their team is still reviewing the materials, and would like to get through them prior to having a call with IDI / Kettler.

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DEAL TRACKING COMMENTS
Date	Comment
01/15/2016	Reviewing the transaction for their mezzanine fund, but have passed on the equity side as their development allocation is rather selective at this time. Expecting feedback next week. -- duke
01/20/2016	The deal is gaining some momentum internally. Had a positive call with Ashley regarding the mezzanine position, and answered a number of questions regarding timing, term of ownership, Kettler's involvement, etc. She is circling up internally after our call, and will try to get us some additional feedback soon. She mentioned that they typically structure their funds with about half current pay and half accrual, and did mention that the head of their group was very familiar with the IDI Group Companies, and was interested in diving in a bit deeper. -- duke
02/01/2016	Passed - Due to a few recent closings, their debt team only has a remaining allocation to residential construction of $20 million. They have identified two smaller $10 million transactions that they are pursuing with the remaining capital. -- duke
04/13/2016	Left voicemail to re-engage -- duke