ALTERNATIVE LENDING

As asset owners with quiet capital, we view alternative finance from a unique perspective.  Our philosophy of Finance as a Strategy through both real estate and lower-middle-market companies positions us to solve for things when needed and provide value as a strong finance partner.  

This approach keeps us out of participating in competitive processes and allows us to customize to the specific objective and working capital needs of other asset owners.  

Lower Middle Market Companies

We finance companies that are outgrowing their current lender, fall just outside one of the conventional underwriting boxes or recently moved into technical default with their existing finance – all which requires more flexibility across the entire debt table.

Our domain experience includes specialty manufacturing, distribution, defense, aviation, aerospace, technology, professional services, healthcare-related companies, and the second-order downstream of AI infrastructure, technology, and its value chain.

Our value to businesses stands apart as entrepreneurs who understand finance, allowing us to creatively deploy working capital across the debt table to those straddling the conventional line, along with creative provisions throughout multiple facilities.  This includes revolvers, trade finance, equipment facilities, and sale-leasebacks.  This can also include term loans, accordion facilities, and unitranche structures incorporating triggers, PIKs, and waterfalls for companies with a strong borrowing base, quantifiable forward-looking revenues, and hypergrowth. Most importantly, we understand the real effort to make it all work and sync together. 

We can also provide strategic support through our experiences as asset owners. These scenarios include expanding the supply chain, vendor negotiation, helping win new contracts, credit enhancement, and creating additional enterprise value.

Real Estate

We can customize both long-duration and short-duration capital depending on the objective, including real estate asset owners who qualify for conventional finance, but seek more favorable amortization or flexibility with covenants. 

Our preferred asset classes include multi-family, mixed-use, industrial, office, retail, and hospitality.   

Through longer-duration and permanent finance structures, we are frequently asked by community banks to participate in conventional mortgages in the sub $10 million loan market, as well as finance borrowers who fall short of underwriting at the community banks, desire streamlined underwriting or seek flexibility on amortization and covenants for up to 30 years. 

For loans over $10 million, we align with borrowers who did not attract the expected appetite from regional banks and life companies but prefer not to pursue the CMBS route for 5- or 10-year terms.

We also customize shorter-duration loans above $10 million for situational purposes with seasoned asset owners who have already spoken with the standard industry bridge lenders. These borrowers benefit from our ability to view their scenario through a wider lens and structural optionality as real estate and corporate asset owners with the flexibility of our own capital.