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JV Equity

CastleSquare often can deliver LP equity term sheets in under one week from receiving a deal for acquisitions and recapitalizations that meet the following target return profile. The approach is yield-driven, with no restrictions on geography, demographic profile, or vintage, we will pursue opportunities nationwide that meet a +6.5% day-one yield on cost threshold. This is family office capital and we are often able to move faster and get involved earlier than traditional market participants.

Target Parameters:

Ticket Size: $3MM – $35MM

JV Structure: Up to 85% LP / 15% GP

Preferred Return: 10%

Promote: 50/50 split

Day 1 Yield on Cost: 6.5%+

Average Cash-on-Cash: 10%+

Leverage: Agency debt preferred

Preferred Equity

Preferred equity provides a flexible financing solution, combining elements of debt and equity, to optimize capital structures. With our expertise in structuring preferred equity transactions, we connect operators with investors seeking attractive risk-adjusted returns while offering operational and cash flow benefits to the project. Partner with us to secure the preferred equity capital that propels your real estate ventures forward.

Target Parameters:

Ticket: $3mm to +$100mm

Sizing: Up to 87% LTC; 7.0% debt yield at stabilization

Geography: Nationwide

Strategy: Acquisition, Recap, Ground Up

Debt Financing

We have extensive expertise in arranging various types of debt financing for real estate projects. With a proven track record, the firm specializes in arranging bridge debt, permanent debt, construction debt, and CPACE financing. Whether clients require short-term funding, long-term financing, construction-related loans, or sustainable energy financing, CastleSquare will assist to provide tailored solutions to meet their specific needs.

Target Parameters:

Ticket Size: $5 million to $1.2 billion (no syndication)

Sizing: 55% to 85% LTC; 7.0 to 8.5% stabilized DY

Geography: Nationwide

Loan Type: Bridge, Perm, Construction, Note-on-Note