Bastion Global Capital's lending partners are looking to invest in many different types of Residential and Commercial Real Estate financings. This includes senior position debt, mezzanine in the form of a second position or secured position against the ownership entity, preferred equity, Joint Venture equity, situations needing Limited Partner equity, and direct long term partnership level investments into Real Estate Operating Companies.

These Capital Sources are looking to invest in acquisitions, refinancing, pre-development, ground up construction, Bridge situations that require quicker closing, bridging to permanent financing, light to heavy renovations, upgrading, rehabbing, cash out, Debtor In Possession, Recapitalization and other numerous other special situations.

  • Multifamily
  • Single Family
  • Community Home Parks
  • Manufactured Homes
  • Industrial
  • Office
  • Retail
  • Self-Storage
  • Agriculture
  • Hospitality
  • Securities Related
  • Operating Companies

Commercial Real Estate Senior and Bridge Debt

Use of Funds Acquisition, Refinance, Bridge Situations, Distressed, Construction, Pre-Development, Land, Hard Money
Loan Min/Max Amount $500,000 to $100,000,000 (higher for exceptional projects and sponsors)
Loan to Cost (LTC) % Up to 75% and up to 80% with a blend of senior and mezzanine
Loan to Value (LTV) % Up to 75% and up to 80% with a blend of senior and mezzanine
Length of Loan up to 10 years with conventional financing and up to 40 years with Agency financing
Rate Starting Swap + 1.70% for cash flowing, Libor + 3.95% for Bridge and Construction. Either Interest Only, up to 30 year ammoritzation, or a blend.
Recourse Non, Full, Partial
Notes Top 100 MSAs, focused on populations over 100,000

Direct Debt "Soft Money"

 
Program 1
Program 2
Program 3
Asset Types Non owner occupied, 1-4 single family, condos 5 + units Multifamily Retail, warehouse, office, self storage, auto
Loan Min/Max Amount $75,000 to $2,000,000 $75,000 to $3,000,000 $75,000 to $3,000,000
Lending Areas Most States Most States Most States
Loan to Value (LTV) % Up to 75% Up to 75% Up to 75%+
Length of Loan 3 or 8 years fixed, 30 yr am 3 or 8 years fixed, 30 yr am 3 or 8 years fixed, 30 yr am
Rate Starting at 6.75% Starting at 6.75% Starting at 6.75%
Income Verification Limited Doc Limited Doc Limited Doc
Notes Acquisition, Refinance, Recapitalization Acquisition, Refinance, Recapitalization Acquisition, Refinance, Recapitalization

Commercial Real Estate Mezzanine and Preferred Equity

Use of Funds Acquisition, Refinance, Bridge Situations, Distressed, Construction
Loan Min/Max Amount $3,000,000 to $50,000,000 (higher for exceptional projects and sponsors)
Loan to Cost (LTC) % Up to 80% for 2nd position mezzanine and 90% with preferred equity
Loan to Value (LTV) % Up to 80% for 2nd position mezzanine and 90% with preferred equity
Length of Loan up to 10 years, typically coterminous with the senior loan
Rate 8% to 12% for cash flowing, 12% to 18% for construction
Security types 2nd Deed of trust, preferred equity, UCC against the ownership, intercreditor with senior
Notes Top 100 MSAs, focused on populations over 100,000

Commercial Real Estate Equity

Use of Funds Acquisition, Refinance, Bridge Situations, Distressed, Construction, Recapitalization, Partner Buyout, Pre Development, Funds
Loan Min/Max Amount $5,000,000 to $100,000,000 (higher for exceptional projects and sponsors)
Total Equity Contribution Up to 80 to 90% of the total equity. Higher leverages for exceptional sponsors.
Types of Equity General Partners, Limited Partners, Joint Ventures, Convertible Debt
Length of Investment up to 10 years for cash flowing properties, transitional equity 3 to 5 years
Structure Preferred coupon, percentage ownership, waterfall, promote
Notes Top 50 MSAs, focused on populations over 250,000, solid employment and overally area dynamics
Securities Disclosure All Equity and Equity securities will be cleared through Five 9 Securities, LLC member FINRA/SIPC

EB-5

Congress in 1990 created the EB-5 foreign investment program to help stimulate the US economy through capital investments that would create US based jobs. Since then the program has been reauthorized which has allowed thousands of foreign investors to secure their green cards while creating thousands of US jobs. The premise of this program is for the investor to invest in a new commercial enterprise. This can be a business or real estate.

Each investor must invest a minimum of $1,000,000 or as low as $500,000 in approved TEA areas. Targeted Employment Area (TEA)s are defined as areas experiencing unemployment of at least 150% the national average rate. $500,000 investment levels can also be considered for rural areas outside of major MSA's or outside the boundary of any city or town having a population of 20,000 or more based on the decennial census. Each investor/investment must create or preserve at least 10 full jobs within two years. How those jobs are counted will be based on direct jobs (jobs identified at the exact location of the investment) or indirect jobs (created at the actual location OR collaterally as a result of the investment through and affiliated with an approved "Regional Center").

EB-5 financing can come in the form of a first position mortgage, a second position mezzanine mortgage secured by real estate, a mezzanine loan secured by the ownership entity and other creative structures. Rates can start from 4% depending on the project, 0-1 points, limited recourse and no real limit on how much can be raised (based on the number of jobs created). The larger the amount needed, the longer the raise period but we can secure Bridge financing to help the project during the raise period.

Types of Investments Sought:

  • Ground up, Partially Completed, and Not Fully Stabilized Real Estate Development
  • Troubled businesses - 2 years declining
  • New businesses opportunities
  • Examples:
  • Hotels, Resorts, Casinos
  • Hospitals, Senior Housing, Assisted Living
  • Retail, Mixed Use, Convention Centers, Stadiums
  • Restaurants, new Franchises, Manufacturing
  • Agriculture and other job intensive Projects
  • Medical and Technology based companies