Construction Debt
For ground-up, value-added, rehabilitation or build-to-suit development. This debt is generally short term, interest-only and can provide up to 90% of construction cost, including land.
Permanent Debt
For acquisitions, take-outs and refinances. Terms and amortizations up to 40 years, with varying interest rates, prepayment options and guarantee structures.
Interim Debt (Bridge Debt)
Short term, interest only, interim debt financing used until a property achieves stabilization and qualifies for permanent financing.
Mezzanine Debt
A layer of debt financing that can be used to increase leverage above permanent or interim financing. Bilak & Kramer Capital provides mezzanine financing as an exclusive correspondent under a program called "BKC Mezz Program". Please contact us for more information about this program.
Joint Venture Equity/Preferred Equity
Joint Venture and Preferred Equity can be used for a specific acquisition or development project, or a continuing business relationship. The providers and structures of Joint Venture and Preferred Equity are as varied as the commercial real estate properties and projects themselves. Bilak & Kramer Capital provides Joint Venture and Preferred Equity through relationships with institutional investors, private equity groups (PEGs) and our own network of private investors. On a case-by-case basis, we have the ability to invest our own equity into Joint Ventures as well.
Note Purchases/Discounted Payoffs
As a result of the financial crisis and distress in the commercial real estate sector, the ability to buy discounted notes and negotiate discounted payoffs is becoming increasingly more common. Bilak & Kramer Capital has successfully financed note acquisitions and discounted payoffs, allowing our clients the ability to use debt and mezz debt/preferred equity for these types of opportunities and recapitalizations.
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