Calvano MV Portfolio - Bridge Debt

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Colony Capital

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Date07/10/2015
Greenwich Coverage
E-teaser Status
CA Status
IOM Status
Term Sheet Status
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DEAL TRACKING COMMENTS
DateComment
07/14/20157/14 - Christian is reviewing but Fund may not be oriented toward such early stage and poorly cash-flowing assets. -- Tim
07/15/2015Christian is reviewing but Fund may not be oriented toward such early stage and poorly cash-flowing assets -- Tim
07/17/2015For this particular deal, might be a bit too far outside the box for us. As mentioned, the bridge lending platform is aimed specifically at value-add plays rather than pre-development deals with contemplated takeouts by construction debt. We are looking at a potential pre-development specific LIBOR-based bridge platform that too would be securitized but imagine its a ways off. Where I do think we will prove helpful, however, is in 6-months give or take when they begin to line up construction debt for the vertical and we can put out $25- $30mm of construction mezz to get the sponsor levered upwards of 90% of the cap stack should they have interest. Would love to be part of the discussion at that time when appropriate. -- Tim