Ground Up Development Funding of Tomorrow
At CastleSquare, we provide forward-thinking financing solutions that help developers overcome capital challenges and bring their projects to life.
Ground Up Development Funding
CastleSquare offers a distinctive approach to real estate capital allocation, providing developers with approximately 90% of total project budget at an accretive cost of capital. Our structure minimizes refinance risk compared to high leverage preferred equity products while offering more proceeds at 90% of project cost.
The program provides funding for both merchant built and build-to-hold strategies with a focus on multifamily projects that will be agency compatible for financing upon stabilization.
In today’s scarce equity environment, CastleSquare is committed to being a reliable capital partner, empowering developers to advance projects nationwide with confidence and consistency.
Strategy
We Capitalize Experienced Developers Projects in Top MSAs
CastleSquare presents an investment thesis that captures the essence of opportunity, innovation, and growth within the multifamily real estate market. Our focus is on ground-up development projects of affordable and market rate multifamily situated in high growth primary and secondary markets across the United States.
Criteria
Asset Class
Multifamily
Timeline
45 to 60 Days
Project Size
$100M-$500M
Geography
Top 50 MSAs
Strategy
Ground Up
Structure
90% of Project Budget
Our Investment Process
CastleSquare’s success is a result of its core business model, which drives industry leading returns.
1. DEAL FLOW
We welcome project funding requests directly from developers, capital brokers, and other third parties.
2. INITIAL REVIEW
Our initial screening is high level and looks at GP liquidity, track record, project location and basis.
3. UNDERWRITING
Our investment team then runs a more detailed financial analysis with conservative assumptions.
4. TERM SHEET
If we would like to transact, our team will then issue an IOI outlining our funding terms.
5. DUE DILIGENCE
Prior to closing, our team undergoes a thorough diligence process.
6. EXECUTION
Going from IOI to closing has minimal execution risk thanks to our institutional capital program backing.
