Popular Commercial Capital (PCC) has recently increased its “Large Loan” investor base to target first mortgage loans up to 65% LTV with loan sizes ranging from $20-100 million USD. Targeted transaction types include:
• Distressed debt/projects where bank debt is being offered at a discount.
• Stalled construction projects needing capital for completion and/or stabilization.
• Properties in transition requiring tenant improvements and/or lease-up.
• Select low leverage, fully entitled land parcels in major metro markets.
PCC is targeting all commercial asset types including Office, Retail, Industrial, Multifamily, Hospitality and even some distressed Condo Projects. Most loans will feature terms from 1-5 years with floating and fixed rate options available.
