INVESTMENT CRITERIA

LOCATION

We primarily concentrate on Sunbelt States and cities that pursue pro business policies and are experiencing population growth.

Collateral and businesses outside of Sunbelt can be considered.

Collateral

We invest in most real estate, including commercial / industrial, retail, multi-family / residential, and non-profit buildings.

Management intensive collateral such as hotel, ALF, and golf courses not desired.

Line of credit collateral will be predicated on quality A/R and inventory with lengthy business history.

target size

Target company size of $500k - $50M in revenue. Loan purchase sweet spot of $500k - $5M.

Line of credit max typically $2.5M.

Investments Advantages

Agility: We understand the importance of expediency in distressed transactions and upon receipt of due diligence information can provide a quick turnaround of indicative pricing. Can close within 5 to 10 business days of final agreed bid.
Transparency: We believe in standing behind our word and will not re-trade on agreed upon pricing unless material changes are discovered and we will share those issues with our partners.
Sponsorship: We have adequate capital resources and sponsorship to conduct in these transactions and stand behind our deals.
Expertise: We understand the challenges in working with distressed borrowers and the reputational risks that are inherit in servicing these transactions. We endeavor to assist our financial institution partners with understanding the issues and helping them find appropriate solutions in resolving these high touch and high cost assets.

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GENERAL DEAL PARAMETERS

Loan Amount: $500k - $5M
LTV / LTC: N/A
Asset Type: Core CRE and C&I collateral
Recourse: Personal Guarantees strongly preferred
Loan Types: Term, Revolving Lines of Credit, and A/B Note Restructures
Covenants: Financial reporting and performance covenants preferred
Geography: Southeastern United States preferred
Timing: Expedited Closings

pARTNERSHIP

We work with our bank partners in a consultative and transparent approach to help them resolve their distressed assets for the best result for their shareholders.