Investment Size
$3M - $35M
LTV/LTC
Up to 80-90%
Average Term
1-3 Years
Geography
Global
Strategy Description
Arena’s Real Estate Private Credit team seeks opportunistic commercial mortgage lending and secondary market purchases of loans that are secured by transitional and other types of niche properties across a variety of asset types:
- Office
- Industrial
- Retail
- Multifamily
- Hospitality
- Self-storage
- Condo inventory
- Land and select construction/development (including NNN lease development financing) assets.
Arena provides speed of execution, and its flexible capital allows for “out of the box” creative structures to meet borrowers’ financing needs.
Underwriting Ability
Value-add, opportunistic, distressed, story deals, quick closings, asset repositioning, recourse and non-recourse and special purpose real estate
Sponsorship
Direct lending to real estate owners, investors, developers, operators, partnerships, and financing to real estate private lenders
Investment Structures
Value-Add Bridge Loans
- Investment Size: $5M-$35M
- LTV/LTC: up to 80%
- Term: 2-3 years
- Rates: 8% – 10%
- Floating and fixed rates
- Fees: 1% - 2%
- No minimum DSCR
- Recourse and non-recourse options
Opportunistic Bridge Loans
- Investment Size: $5M-$35M
- LTV/LTC: up to 90% (and up to 100% for credit NNN lease development financing)
- Term: 1-3 years
- Rates: 10% - 12%
- Fees: 2% - 3%
- Recourse and non-recourse options
- 1st mortgage, 2nd mortgages, and mezzanine loans
Private Lender Finance
- Investment Size: $3M-$35M
- Rates: 7% - 9%
- 80% - 90% advances on note amounts
- A/B Note and pari passu
- Match terms
- Single notes and portfolios
- New originations and loan acquisitions (performing and non-performing)
- Servicing retained options
- Private Label