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Commercial Real Estate Portfolio NAV Loans Available

Imagine this scenario, you’re a manager of a CRE portfolio. You need capital to do a few different things at the property level, like paydown some senior debt, perform some capex, maybe even provide a distribution to investors. But you don’t want to increase asset level leverage or maybe the existing property loans have heavy prepayment penalties or defeasance so bringing in new property level debt would be cumbersome. What other option do you have?

A good relationship of ENC is managing a separate account focused on creative CRE loans for a very large hedge fund. They just launched a new lending product for commercial real estate at the portfolio level. This loan is provided to the Hold Co / Top Co entity and is collateralized by the equity interests in each of the individual properties within the portfolio. Think of this like an NAV (Net Asset Value) loan for a private equity fund. For example, this is a good fit for a non-traded REIT that is restructuring it’s portfolio.

• Loan Amounts: $20M+ (bigger is better)

• Max Look-Through LTV: 70%

• Interest Rate: Mid-Teens

• Amortization: I/O

• Term: 2-5 Years

• Lender Fee: 2%

• Unused Commitment Fee: 1%

Message from Vinovest:

Whiskey: The Tangible Asset for Your Portfolio

Most people fail to diversify their investments.

They invest all their money in intangible assets like stocks, bonds, and crypto.

The solution - fine whiskey.

Whiskey is a tangible asset, providing a unique appeal compared to other investments. Casks of whiskey have measurable attributes like size, age, and weight, making their value indisputable. This physical nature allows for clear identification of issues and adjustments to safeguard future value.

Vinovest’s expertise in managing these tangible assets ensures your whiskey casks are stored and insured to the highest standards, enhancing their worth over time. Discover how this tangible, appreciating asset can enhance your investment portfolio.

Schedule a call with a Vinovest advisor to learn more.

• We’ve been building this email list this since 2017 and we’re up to 26,000+ professionals focused on the capital markets for alternative investments such as commercial real estate, the space industry, renewable energy, LATAM deals and utilizing Data-as-an-Asset. So you’re in good company.

• Sponsors make this newsletter possible! Want to sponsor this newsletter? Click here.

• EN Capital is NOT a broker dealer and does not sell securities

• EN Capital is capital advisory firm / intermediary and NOT a direct capital source. Seriously, every time we sent out an email someone replies and gets pissy when they realize we’re intermediaries and not direct lenders. It’s clear on our website, LinkedIn and emails. We don’t know how to make it more obvious. Don’t be that guy.

Be sure to connect with EN Capital on Linkedin. and visit our website here.

Nathan Whigham
President
CA DRE Broker License: 01793655

EN Capital Contact Info:
www.encapital.com
[email protected]
Direct Line: 310-465-92