Ocean Capital Lending, LLC has the ability to provide floating rate mezzanine programs for either “value-added” or stabilized commercial real estate properties. This type of loan can fill the gap between senior debt and equity often times allowing the sponsor to retain a majority of the profits because it is often times cheaper than equity. It can also unlock equity that is illiquid or even pay off more expensive capital sources. These loans are often called junior mortgages or b-notes. They can range in loan amounts and can be from 2 to 7 year terms. Often times 90% LTV or LTC can be achieved with a DSCR of 1.0 with interest only payments and below 1.0 can be with interest reserves.
OCL is a superior advisor, due to our focus on real estate capital formation, knowledge of the real estate industry, institutional investor, consultant and industry relationships and our database of more than 2,000 investors worldwide. Over the years, OCL has developed an extensive network of institutional and individual investors that provide all levels of capital for companies at various stages of development. Our expertise and experience allows us to arrange attractive capital structure for our clients. The development of this capital structure may involve the use of debt instruments, equity instruments, or a combination of diverse forms of debt and equity capital through structured finance solutions.
List of capital providers:
- Institutional
- Opportunity Funds
- REITs
- Buyout Equity Providers
- Distressed Asset Funds
- Fund of Funds
- Hedge Funds
- Secondary Market Funds
- Venture Capital