A real estate investment trust, Apollo Commercial Real Estate originates, acquires, invests in and manages performing commercial real estate mortgage loans, subordinate financing
, CMBS and other commercial real estate-related debt investments.
Hernandez added, "The combination of a healthy securitization market and a highly-liquid subordinate financing
market for such quality assets as these resulted in very attractive terms for this financing.
7 million in subordinate financing
from Canyon Partners Real Estate LLC.
With almost 2,000 employees and more than 100 business centres across the country, BDC offers financing, subordinate financing
, venture capital, securitization and consulting services to more than 28,000 small and medium-sized companies.
Jeff Hill, the managing director of subordinate financing
for BDC Capital, said, in a joint statement with Marvin Junop and Mark Lunick, the BDC Capital managers, 'Over the past several months, we have worked closely with iLOOKABOUT management to gain an understanding of the company's current and longer term prospects.
The Alliance's proposal also suggested a minimum down payment of only $500 from personal funds, with private subordinate financing
making up the rest.
All or a part of the net proceeds will be used by the company to acquire or originate its target assets, which include commercial first mortgage loans, subordinate financing
and other commercial real estate-related debt investments.
The client required $6 million for property improvements and wanted to lock-in long-term low rates loan while reducing their debt service coverage to more easily secure subordinate financing
during the new term," said Geller.
Matthew Kellow, Managing Director, Subordinate Financing
with BDC commented, BlackBridge is a dynamic, growth-oriented, and forward-thinking company that is a great example of the type of company we are looking to partner with over the long-term.