To meet the broad needs of the commercial real estate community, LMREI offers financing programs ranging from first mortgage bridge loans to mezzanine and preferred equity investments that occupy the middle portion of the risk-return spectrum. These structures allow the borrower to retain the majority of the profits from a real estate venture while creating an appropriate alignment of interest between borrower and lender. LMREI's products can be used for individual properties or portfolios of cross collateralized assets.
LMREI understands that timing is critical to the success of commercial real estate transactions. From the first handshake to the final signature, our responsive approach assures that clients enjoy fast turnaround and timely closings.
High leverage, floating rate first mortgage bridge financing for commercial real estate properties and portfolios with value creation opportunities. This product provides a consolidated source for debt capital up to 80% of the total project costs. Loans are structured with flexible reserves for the stabilization of transitional assets. Ideal for the experienced sponsor who desires a single financing execution.
Stabilized Bridge Financing
Floating rate first mortgage bridge financing for stabilized properties and portfolios. This product serves as interim financing when permanent financing is unavailable or in anticipation of a future sale.
Value-Add Mezzanine Debt
Floating rate mezzanine financing for commercial real estate properties and portfolios with value creation opportunities. This product fills the gap between traditional first mortgage financing and sponsor equity. Experienced sponsors will retain a majority of the profits with this "cheaper than equity" product.
Floating rate mezzanine financing for stabilized commercial real estate properties and portfolios. This product allows a sponsor to a) unlock equity that would otherwise be illiquid due to a non-prepayable, low-leverage first mortgage or b) pay off more expensive capital sources on stabilized assets.
Preferred equity financing that is senior to sponsor equity, for commercial real estate properties and portfolios with value creation opportunities. This product can resemble a mezzanine loan and be useful when secondary financing is prohibited or can be used for transactions which require an equity partner due to risk profile or deal structure.