Synergy Capital Markets

Synergy Capital Markets provides mezzanine financing collateralized by either a direct lien on the underlying real estate or a lien on the ownership interests in the real estate. Loans range from $500 thousand (USD) to $100 million (USD) and are typically for a term of up to 10 years.

 

Synergy Capital Markets' mezzanine programs are very flexible and are used to bridge the gap between traditional debt financing and sponsor equity in a project. Repayment can be structured from interest only or fully amortizing.

 

Synergy Capital Markets' mezzanine program can be used by owner/operators to complete new acquisitions, refinance existing properties, finance build-to-suit developments, acquire equity interests of limited partners in existing partnerships, finance tenant improvements and to develop commercial projects which are positioned to produce income within a reasonable period of time.

​

Program Parameters:

​

Eligible Locations:

• Nationwide and some International

​

Property Types:

• Majority of property types including but not limited to

• Office,

• Retail,

• Industrial,

• Multi-Family,

• Hotel,

• Self-Storage,

• Mixed-Use  

• Mobile Home Parks.

​

Loan Amount:

• $500,000 to $100,000,000 USD

​

Loan Term:

• Up to 5 year term

​

Amortization:

• Typically Interest Only

​

Loan to Value/Cost:

• Up to 90% of Appraised Value or Cost

​

Minimum DSCR:

• 1.0x

​

Origination Fee:

• Typically 2% – 4% of Loan Amount

​

Expense Deposit:

• Amount sufficient to cover third party reports.  May vary according to transaction.

​

Sponsor/Borrower:

• Creditworthy individual(s) or entity with sufficient liquidity and net worth.

​

Recourse:

• Both recourse and non-recourse options available.  Non-recourse transactions will potentially include the exception of industry standard “bad boy” carve outs.

​

Assumability:

• Permitted subject to approval and an assumption fee.

​

Prepayment:

• Determined on a case-by-case basis

 

Typical Uses: 

• Acquisitions,

• Pre-Development,

• Construction,

• Recapitalization,

• Refinancing,

• Liquidity Management,

• Asset/Liability Management,

• Gap Financing

​

May be structured as preferred equity and LTV/LTC can increase up to 100% with Synergy Capital Markets Joint Venture.