Lending

To discuss your deal, contact:

Jody Kriss
jk@krisscapital.com
917-830-6670

Mark Luehring-Jones
mark@krisscapital.com
914-260-4390

Jody Kriss, Founder

Kriss Capital LLC is a real estate lending joint venture capitalized by a fully-discretionary, institutional investment fund with a track record of providing debt capital to real estate investors. Kriss Capital is providing financing for residential and mixed-use products in growing urban and secondary markets throughout the Northeast and Florida. Leveraging over 25 years of real estate development experience, we understand the pain points faced by our borrowers and pride ourselves on helping them efficiently navigate the right capital structure to position their investments for success. Our history as borrowers and developers makes us a trustworthy source for developers, able to quickly structure deals that meet and exceed the client’s needs.

Kriss Capital provides senior loans, mezzanine loans, and rescue capital to borrowers on shovel-ready ground-up construction, heavy value-add repositioning, land, and inventory loans. As developers-turned-lenders, our aim is to be flexible and reasonable where banks cannot be; to evaluate each loan’s unique merits, taking the borrower’s situation and business plan, as well as local market conditions, into account. Our goal is to design solutions that allow developers to succeed.

Our team leader, Jody Kriss, has 25 years experience as a principal and developer with completed projects and investments of over $1 billion in value.

Program Overview

Loan Size: $20-150+ million
Loan Type: First Mortgage, Mezzanine Loans and Preferred Equity for acquisition, redevelopment, and new construction.
Product Types: Any
Geography: NY / NJ / CT / PA / FL
Loan Term: 2 – 5 years, with extensions subject to conditions
Loan to Cost: No set limit. Up to 80+% (including future advances for capex / leasing costs)
Interest Rate: LIBOR + 5.00% and above for First Mortgages
LIBOR + 10.00% and above for Mezzanine Loans / Pref Equity
Loan Term: 2 – 5 years, with extensions subject to conditions
Loan Fees: 0.5% - 1.0% origination; 0.0% - 1.0% exit; 0.25% - 0.50% extension
DSCR / Debt Yield: No minimum requirement
Occupancy Requirement: None (specialize in lease up)
Prepayment: Freely pre-payable, subject to make-whole provisions
Recourse: Non-Recourse is negotiable
Amortization: Interest Only