14A — November 14 - 27, 2014 — M id A tlantic

Real Estate Journal


L ender ’ s D irectory Scott will continue his role as president and CEO of CMC Mark Scott of Commercial Mortgage Capital joins U.S. Realty Capital team

L IVINGSTON, NJ — Mark Scott of Com- mercial Mortgage

experience, they provide comprehensive project analy- sis and competitive solutions for the unique needs of each client and project. As a national alliance, U.S. Realty Capital has greater access to loan and capital products to benefit their local clients. They provide per- manent loans, construction loans, bridge and mezzanine loans with floating or fixed rates, and forward commit- ments. They also place equity for a project or provide joint venture capital. Capital sources include life

Capital & Venture Resources announces Cathedral Square Apts. refinance rinas and parking garages. Scott will continue in his role as president and CEO of Commercial Mortgage Capi- tal, while leveraging this new alliance to access capital and loan products nationwide. n TRENTON, NJ — It was not an easy execution. Cathedral Square Apart-

York, New Jersey and Con- necticut, announced that he has joined the U.S. Realty Capital team, as its New Jersey member. U.S. Realty Capital pro- vides creative capital solu- tions for commercial real estate owners and develop- ers throughout the United States. As an alliance of national mortgage bank- ing companies, US Realty Capital originates over $1 billion of debt and equity for their clients each year. Through the alliance’s collec- tive knowledge and industry

insurance companies; Wall Street securitized lenders, government agencies, lo- cal, regional, national and foreign banks, credit com- panies, pension funds, pri- vate capital and opportu- nity funds. The U.S. Realty Capital team has financed all types of property includ- ing apartment, office, retail, industrial, mobile homes, self-storage and hotels to more complicated transac- tions such as nursing homes, land, schools, resorts, master planned communities, time shares, golf courses, boat ma-

C a p i t a l ( CMC ) , a l e a d e r i n real estate finance that a r r a n g e s permanent, construction and mezza- nine loans

Mark Scott

for a wide range of com- mercial properties including multifamily, office, retail, industrial and healthcare facilities primarily in New

ments, occu- pied by elder- ly folks, fell into the af- fordable cat- egory and we had no choice but to deal with various state, feder- al and local governmen-

p rov en r e s ult s i n r e a l e s t a t e c a p i t a l m a r k e t s s o l u t i o n s


Joe Gore, President Capital & Venture Resources

tal entities. To put it mildly, the sense of urgency felt by our borrower, management company, lender and I was not shared by these agencies. Luckily, we were working with a first class management company who supplied and resupplied all of the minutiae required by the people who subsist on our tax dollars. At the end of the day, ev- erything came together and the borrower got the deal of a lifetime: $5,989,300, 22/22, 3.43%, non-recourse. They were able to pull out approxi- mately $1.6m in order to fund much needed repairs. In ad- dition, monthly debt service was cut by over 26%. All of this proves that pain can be fleeting but joy can last for the full term of the loan (22 wonderful years). Overall there is a lot of liquidity in the debt market. Seven-year money can be had in the mid 3% range and 10- year money can be had in the high 3’s to the low 4’s. Bridge money on deals with a story is in a sweet spot with more leverage and lower required yields. For large multifamily deals that have a viable narra- tive, we have some 80% LTVR money that can be paired with equity. It is a one-stop shop, which means the intercreditor agreements have been ironed out beforehand. On the equity side of the market, there is more money available for larg- er deals than smaller deals. n


HFF New Jersey Closes $1.5 Billion in Debt & Equity Transactions in 2014 YTD

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