NEW YORK, June 4, 2015 /PRNewswire/ — Coldwell Banker Commercial (CBC) Alliance, a national real estate services firm focused on small and midsize clients and subsidiary of Sutherland Asset Management, announced it will now provide access to bridge and mezzanine lending to its clients through partner Ready Capital Structured Finance (RCS), a division of direct portfolio lender ReadyCap Commercial, a sister company to CBC Alliance within the Sutherland REIT. This new offering will provide CBC Alliance clients the ability to finance commercial real estate transactions through its entire life cycle.
CBC Alliance launched its own capital market division for the real estate investment community in 2014, offering creative finance solutions for most property types, including multifamily, office, retail, industrial, and mixed-use, through ReadyCap Commercial. The newly formed RCS division will now provide much needed non-recourse, bridge and mezzanine CRE debt financing to CBC Alliance clients.
"Most brokerages remain focused on originations for their largest borrowers. CBC Alliance has long recognized that small to midsize companies are an underserved part of the market from both a brokerage as well as a lending standpoint. We are pleased to now offer access to bridge and mezzanine funding for our clients, an essential lending alternative for these sponsors," said Adam Petriella Executive Vice President and head of Capital Markets for CBC Alliance. "Our comprehensive real estate expertise allows us to assess investment opportunities for borrowers and provide access to needed capital, with the speed and certainty of execution required."
RCS will originate, manage and finance non-recourse floating and fixed rate loans of up to five years on transitional, value-add and event-driven commercial and multifamily real estate opportunities. Loan amounts will be up to $25 million, larger on a case-by-case basis, to middle-market and institutional commercial real estate sponsors. RCS will offer short-term, interest-only loans with advances up to 80 percent, for cash flowing and non-cash flowing properties, with flexible prepayment schedules and customized structuring solutions to accommodate borrowers' needs.
For more information, please contact Mr. Petriella at adam.petriella@cbcalliance.com.
About CBC Alliance
Coldwell Banker Commercial Alliance is a national commercial real estate brokerage company headquartered in New York City, dedicated to serving private investors, owners, and small/mid-cap corporate users of real estate. The firm has over 150 professionals in offices nationwide including Los Angeles and Orange County, Calif., Dallas, Miami, and Denver. The firm has closed over $800 million in transaction value, with over six million square feet under management.
The company is an independently owned and operated affiliate of the international Coldwell Banker Commercial® organization, a global network of over 200 locations and 3,000 brokers that has closed over 12,000 transactions representing over $7 billion. Coldwell Banker Commercial Alliance is ranked in the top three of the entire network of offices.
CBC Alliance was founded by Waterfall Asset Management (Waterfall), an investment adviser that acquires, originates, manages and finances commercial loans as well as asset-backed securities and other real estate-related investments. CBC Alliance is also a subsidiary of Sutherland Asset Management Corporation, a privately held REIT managed by Waterfall.
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