Rivergate - Mezz / Equity

Back to company page Go to Deal Tracking Report


Pearlmark

Add contact to Deal
Hide contacts
Matt Milichdelete

Add files...
 

Date10/27/2015
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 )
Insert Comment
DEAL TRACKING COMMENTS
DateComment
10/29/2015Per Crittenden - Funded $50M YTD as of August 10, 2015; $4M - $100M loans for retail, office, multifamily, industrial, hotels, MOB's, Student Housing; 2 - 7 year terms; 85% LTV/LTC and up to 90% for stabilized apartments; 7.5% - 12%+ interest rates; 12%+ rates for construction mezz -- duke
12/01/2015Sent initial email -- duke
12/02/2015left voicemail -- duke
12/04/2015Good initial discussion. Chris was in Canada until yesterday, and was just getting settled back in. He will review the materials on Monday, and will try to get us some feedback. He did mention that it would likely be tough to get comfortable with the market within the next few weeks considering year end closings. I offered for him to speak with Kettler Management or Noell Consulting as they could likely get him up to speed quickly. FedEx'ing him 2 copies of the book, and will follow up next week. -- duke
12/09/2015Chris was unable to receive my email due to the file sizes, and as such asked that I send it to his other email. He was heading to a Hockey game, but will give me a call tomorrow to discuss Rivergate. -- duke
12/14/2015Shelved until the first week in January - Their team is buried on year end closings, and is unable to dedicate the necessary resources to this transaction until the first week in January. Chris is aware of our timing regarding construction, and will work to expedite things internally after the 1st. -- duke
01/07/2016Call with Chris Seter. He is going to bring the deal up on their Monday morning call, and will be back to me. They would not be very interested in a $9 million mezz piece behind a $75 million senior, but would be interested in a $15-$20 million note behind the $65 million option. He said their team will struggle to achieve a mid-to-late February closing, but he knows the timing and will push the ball forward on his end. -- duke
01/12/2016Left voicemail -- duke
01/14/2016Left voicemail -- duke
01/19/2016Left voicemail -- duke
01/25/2016Sent email -- duke
02/01/2016Passed - Chris had been on the road non-stop for the past 3 weeks, thus the lack of communication. Unfortunately, they had a few deals hit in January and upon reviewing their construction exposure cannot commit to any new transactions at this time. -- duke
04/13/2016Left voicemail to re-engage -- duke