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Date	09/22/2015
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 )

Insert Comment

DEAL TRACKING COMMENTS
Date	Comment
10/21/2015	Sent initial email -- duke
11/12/2015	Good initial call with Michael Medvin. He has passed the deal off to his colleague Marty Gilligan who covers the DC region. They are highly active in construction at this time, and target loans greater than $20 million, with an average of $60 million. They are highly competitive on larger loans, and do very well with loans above $200-$250 million. They also offer construction-to-permanent loans (fixed rate even during construction), and can extend maturities out 30,40, or even 50 years (typical maturity of 10-15 years), and they hold these loans on their balance sheet. Their funds are non-recourse and their floating rate products are typically priced between 350-600 bps over libor. They are able to do stretch senior loans, and take leverage up to 70-75% LTC. They finance all of the major food groups, and do some creative financings as well. They have done a number of golf courses, manufactured housing, and are active in residential condominium financing. They just closed a massive deal on the Jersey Shore for condos, and another one on 57th street. -- duke
11/06/2015	James Ellsworth, nor Tim Barry, appear to still be at AIG. Directed to the front desk (646) 857-2300 -- duke
11/19/2015	Passed - While they are able to do stretch senior loans in downtown urban core locations, for a suburban location they would top out at 50-55% LTC. They also have a preference towards construction-to-permanent loans. -- duke

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