NEW YORK, 07 Nov. 2022 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance firm, announced that its affiliate, Greystone Commercial Mortgage Capital has formed a joint venture with Inlet Real Estate Capital to provide short-term, floating rate capital solutions for commercial real estate owners.
Target complex or potentially distressed situations during today’s challenging market, Greystone Inlet Real Estate Capital will provide debt and equity recapitalization solutions for multifamily, industrial, office, mixed-use and other property types, which require additional time and capital to execute the business plan and stabilize the property. The joint venture will offer flexible structured capital solutions such as first mortgages, mezzanine loans, preferred shares, common equity investment or a hybrid of multiple structures. Upon stabilization, the strategic joint venture between Greystone and Inlet Borge will provide direct access to long-term, fixed-rate financing through Greystone’s other lending platforms such as CMBS and Agency Financing. The joint venture will target transactions ranging in size from $5 million to $50 million on assets located throughout the United States.
Inlet Real Estate Capital was founded in 2021 and is led by Ryan Jantzen and Adam Saltzman. Inlet is a private real estate investment company that focuses on the origination and management of first mortgages, mezzanine loans, preferred stock and other structured credit investments, as well as equity investments, secured by commercial and residential real estate properties. Since the founding of Inlet, the company has accumulated more than $100 million in assets under management. Before founding Inlet, Mr. Jantzen co-head of origin at Ladder Capital and Mr. Saltzman was an executive director at Ladder Capital. The duo has more than 25 years of combined experience on both the production and credit sides of the commercial and residential real estate business, structuring and analyzing a series of complex transactions totaling more than $7.5 billion during their experiences.
“With a record number of loan maturities expected within the next year, CRE investors and lenders may find themselves in a difficult position to refinance, often at less than expected returns or less than optimal rates, so we offer short-term, creative financing solutions to enable borrowers to successfully recapitalize their properties,” said Mr. Jantzen. “This recapitalization strategy is a win-win for both the property owner and the joint venture.”
“Greystone’s broad financing platform is a perfect complement to the Inlet offering, which is also very flexible, to meet a range of complex and evolving financing needs during a challenging time in the real estate capital markets,” said Mr. Rich Highfield, head of Greystone’s CMBS platform. “With, among other things, our CMBS platform as an exit option, we have every confidence that this short-term floating rate solution will give real estate investors the time and space they need to prepare for a more permanent solution.”
Greystone is a privately held national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare financing, having been ranked as a top FHA, Fannie Mae and Freddie Mac lender in these sectors. Loans are offered by Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. For more information, visit www.greystone.com.