Real Estate Journal — Brokerage Directory — July 29 - August 11, 2016 — 3C
M id A tlantic
B rokerage D irectory Political/economic uncertainty will fuel investor interest in U.S. CRE market Case Real Estate Capital scales up to a $100 million lending platform
career. At Case, Mavros draws on his 20+ years of experience spanning all aspects of finan- cial management and control. In addition, he oversees the management of banking and insurance relationships and has oversight responsibilities on asset management. Case’s cohesive team also includes Jon Leifer as direc- tor-acquisitions, who possess extensive industry experience, including his work with acqui- sitions, development, and asset and portfolio management in both the commercial and resi- dential sectors. n
Chris Mavros , who serves as the company’s managing director, principal and chief financial officer. In an industry where change is both a given and a necessity, Case has a unique synergy in that Herrick and Mavros have worked together for more than two decades, including years at Hudson Realty Capital, LLC and SWH Corp., which Herrick founded. Herrick also was one of the co-founders of Hudson Realty Capital and has orchestrated investments in more than $5 billion worth of commercial real estate dur- ing the course of his 30+-year
OCHELLE PARK, NJ — Political and economic uncertainty
across the globe, including the fallout from Brexit, will fuel investor interest in the U.S. commercial real estate market throughout the second half of 2016, according to the prin- cipals of Case Real Estate Capital, LLC (Case) , a com- mercial real estate investment firm based in northern New Jersey. Since its inception in 2013, Case has scaled up to a $100 million lending platform focused on mid-market trans- actions for transitional assets. “Global investors will di- rect more capital to the U.S. real estate market, which is already seen as a safe haven for investment,” said Sandy Herrick, founder and manag- ing principal of Case. “With the continuing dislocation of conventional credit providers, an expanding opportunity is presented to non-regulated lenders like Case.” Early in 2016, Case entered into a joint venture agreement with a New York-based real estate credit fund and contin- ues to ramp up its investment activities. The firm is active as a high-yield private lender; a purchaser of performing, sub- and non-performing debt; and an opportunistic equity investor. Most recently, Case through Case Investors III, LLC provid- ed a $15.15 million first mort- gage bridge loan to SAMTD Acquisitions Woodbridge LLC , a New Jersey-based resi- dential developer, to facilitate the acquisition of 7.1 acres of fully entitled land in Wood- bridge, NJ. The property is ap- proved for construction of 355 residential units. “We expect to be taken out by a construction lender within a year,” Herrick added about the transaction. Case’s funds are typically de- ployed as note purchases in ad- dition to bridge and acquisition loans or rescue and restructure capital. The firm concentrates on deals in the $1.5 million to $30 million range for proper- ties in transition located in the New York metropolitan area and in South Florida. It origi- nates and underwrites each transaction and is responsible for servicing. “We source transactions from a variety of market par- ticipants and intermediar- ies, and are more aggressive in securing deals this year given our new JV vehicle,” said
Shown from left.: Sandy Herrick; and Chris Mavros. Seated from left.: Kathie Ventura, administrator; and Jon Leifer.
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