Case Real Estate Capital Announces Expansion of Services
Firm Will Acquire Performing, Sub- and Non-Performing Real Estate-Secured Notes, Judgments and Liens and Select Distressed/Vacant/REO Properties
"Conventional lending sources continue to be risk averse, and alternative sponsors, like Case, are prepared to fill this niche based on requirements and circumstances of specific clients and the realities of the marketplace,"
With the expanded services, Case is prepared to acquire individual or pooled note amounts with unpaid balances of up to $25 million and properties valued up to $25 million. Note transactions below $500,000 will be considered if there is appropriate note resolution potential. The firm will consider residential and commercial real estate, including niche properties, primarily in the New York metropolitan area as well as the Northeast and Mid-Atlantic regions. Notes, note pools, and distressed properties elsewhere in the U.S. will be considered as well.
"We recently closed on two note acquisitions secured by properties in Jersey City, which we are excited to resolve in the coming months," said Leifer. "One of the notes is secured by a property in the city's burgeoning Grove Street area and the other carries with it a judgment of foreclosure that will allow us to revamp a long-abandoned property in Jersey City Heights. This was a quick-close deal with the note seller, with whom we're looking forward to closing additional non-performing note purchase deals."
Case provides a variety of financing solutions for its clients including traditional and short-term bridge loans, discounted pay-off (DPO) financing, construction financing, and first- and second-mortgage financing. The firm provides quick turnaround timeframes as well as extended, complex transactions and restructurings.
Each loan is evaluated on its own merits, based on the borrower's unique situation, local market conditions and the collective expertise of Case's in-house investment and origination professionals. The company also offers opportunities for local entrepreneurs. Case's investor base is extremely diverse, including individuals, family offices and institutional investors.