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Date	02/12/2015
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 )
03/12/2015 - PASSED - While they are actively lending in New York, DC, Boston, San Francisco, and Los Angeles, they only have one office in New York that covers the entire country, and as such it makes it difficult for them to do construction loans on the West Coast. They have done them before, but likely would not be able to do a spec office development. They are able to do a lot of non-recourse financing, often up to 60-65% LTC, and once they get over $100M they tend to club their deals. They have a construction loan at the moment in Bethesda with Kettler, and another one on H Street (The whole foods project with JP Morgan and Insight Property Group as the Equity).

Insert Comment

DEAL TRACKING COMMENTS
Date	Comment
03/11/2015	Sent Geoff the introductory email -- duke
03/12/2015	Passed - While they are actively lending in New York, DC, Boston, San Francisco, and Los Angeles, they only have one office in New York that covers the entire country, and as such it makes it difficult for them to do construction loans on the West Coast. They have done them before, but likely would not be able to do a spec office development. They are able to do a lot of non-recourse financing, often up to 60-65% LTC, and once they get over $100M they tend to club their deals. They have a construction loan at the moment in Bethesda with Kettler, and another one on H Street (The whole foods project with JP Morgan and Insight Property Group as the Equity). -- duke

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