Financing to support the redevelopment or renovation of an existing building or property for a new purpose. Property conversion can often be more attractive than a new build and can benefit from tax credits and other incentives. A popular example would be conversion of a vacant factory space to residential lofts.

Temporary financing to address cash flow shortfalls and/or fund improvement strategies for a distressed or underperforming asset. Stabilization plans may involve property renovation or upgrade, debt restructuring, and funding of operational and/or marketing improvements.

Used to finance the construction or rehabilitation of a commercial or investment property. Funds are typically advanced incrementally as work progresses. Often closed in parallel with an acquisition loan.

Loan to acquire distressed or non-performing debt obligations at a reduced cost (typically below the outstanding balance owed). Sellers may be banks, other financial institutions or distressed debt investors. The investment strategy often revolves around debt modification, accelerated foreclosure or other workout options.

Typically used for the purchase and renovation/rehabilitation of an undervalued or distressed property to improve its condition and increase its market value. Often short tenor with a time-sensitive close.

Used to refinance or purchase distressed debt held by another lender or bank (i.e. REO). Often involves the contemporaneous execution of a forbearance agreement when a property is currently in foreclosure. Can also be used to facilitate time-sensitive purchase of discounted notes.

Used exclusively for the purchase of raw or underdeveloped land and/or improvements tied to suitability (i.e. site assessment, clearing & grading, utilities, water, environmental, permitting, regulatory, infrastructure, etc.)

Used to finance the opportunistic purchase of both distressed and performing debt instruments (mortgage notes, promissory notes, loans) backed by CRE. Borrowers are typically exploiting a combination of favorable terms and discounted value. Time is often a key variable.

Allows borrower to consolidate multiple existing loans or debts into a single loan. Primary goals are capital cost reduction and simplification of debt management.

Financing to replace an existing mortgage or loan on a commercial property with a new loan. Typically allows borrower to adjust financing terms (i.e. term extension, cost-of-capital, amortization schedule) or pay out a dividend to the equity holder(s).

Immediate liquidity for a stressed/distressed property or project to address financial challenges such as loan default, impending foreclosure, and capital shortfalls for construction, renovation and/or turn-around. Can be highly customized and often includes creative collateralization with additional security and other protections.