LaSalle Nova Capital Markets of Chicago and The MacArthur Fund operates on a core philosophical belief that successful transaction begins with a well made investment,extensive fundamental research combined with a accurate application of the analysis. Our comprehensive early stage capabilities in research,underwriting and financial analysis allows us identify investment opportunities with suitable risk, acceptable rewards while mitigating and or eliminating potential for losses in profits.
Commercial Real Estate Preferred Equity Investment
Preferred equity allows sponsors,developers and other commercial real estate entrepreneurs to preserves capital, ownership and control with a cost-effective alternative to utilizing advancement of project equity from JVEP's and other capital investment providers. The LaSalle Nova 35/65 fund raises the bar above the normal utilization both in leverage,capital availability, project type and collateral.
The 35/65 Mac Fund is designed to generate low-volatility income stream from commercialize projects with consistent cash flow capabilities. These types of investments are subject to rigorous analysis with emphasis on project fundamentals,market location followed by the durability of performance.
New origination-Preferred Debt-Preferred Equity-Senior Stretch and Senior Debt. Most US markets most major property types. New Acquisition and Recapitalization. $10 to $125 Million loan size. Terms 5 to 10 years, other terms case by case. Average term 3 years.
Leverage up to 35/65 & 40/60 case by case
JVE-Joint Venture Equity $10 million mini case by case
Preferred Debt, Preferred Equity & Senior Stretch
Tier1: $10 million mini loan size
Tier2: $5 million case by case
3,5 & 7 year term
Leverage up: 95% LTC 90% LTV
Waterfall structure available
Combination structure available
Preferred Equity: $10 to $75 million Tier 1
Preferred Equity: $5 to $10 million Tier 2
Preferred Equity: Tier 3 case by case
Returns: pending risk & participation 1,2&3
Capitalization: 35/65 & 40/60 case by case
Equity back-end: case by case 1,2&3
Preferred JVE: $5 to $15 million
Preferred JVE: $15 to $20 million
Preferred Terms: 2-5 Yrs Other case by case
Returns: based on risk and waterfall
Waterfall: case by case
Maturity sale: case by case
Preferred ELBO: $25 to $75 million
Preferred terms: case by case
Preferred returns: case by case
% of equity: 80-95 case by case
Maturity: case by case