Kriss Capital’s real estate lending platform has established a track record of providing debt capital to real estate investors and developers on complex projects with tight closing timelines on the terms we promise in our LOI. 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.
Kriss Capital provides senior loans, mezzanine loans, and rescue capital to borrowers on shovel-ready ground-up construction, heavy value-add repositioning, land, and condo 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.
Program Overview
| Loan Size: | $15-200+ million |
| Loan Type: | First Mortgage and Mezzanine Loans for acquisition, redevelopment, new construction, and condo inventory |
| Product Type: | Prefer residential and mixed-use with a large residential component |
| Geography: | NY / NJ / CT / PA / FL |
| Loan Term: | 1 – 3 years, with extensions subject to conditions |
| Loan to Cost: | Up to 75% generally (exceptions considered on a case-by-case basis) |
| Interest Rate: | SOFR + 6.00% and above for First Mortgages SOFR + 10.00% and above for Mezzanine Loans |
| Loan Fees: | 1.0 – 2.5% in combined origination/exit; 0.25 – 1.0% extension |
| Debt Yield: | 7.0%+ (exceptions considered on a case-by-case basis) |
| Prepayment: | Freely pre-payable, subject to make-whole provisions |
| Recourse: | Non-Recourse is negotiable |
| Amortization: | Interest Only |
To send us a deal please contact: Jody Kriss at jk@krisscapital.com or Mark Luehring Jones at mark@krisscapital.com or 914-260-4390