Structured Finance

EverWest launched its Structured Finance platform in 2013 with the addition of Tom McCahill, a 30+ year veteran in structured real estate finance and Joe Chickey, a 16+ year veteran of subordinated debt investing and fund management. EverWest’s platform focuses on originating and managing mezzanine debt, preferred equity financing and B-notes for commercial properties and developments throughout the U.S.

The Structured Finance team is supported by EverWest’s long standing track record as an institutional real estate investment manager and operator. EverWest’s broader operating platform, and regionally-focused acquisition specialists, provide a competitive advantage, particularly with its established relationships with local sponsors and banks.

EverWest typically targets loan types that it believes are currently underserved by existing lenders - for example, smaller loan sizes, longer term maturities, non-recourse, subordinated construction financing, repositions, etc.

Loan Size $3-$50 million
Loan Type Mezzanine, Preferred Equity, B-Notes
Product Types Office, Industrial, Multi-family, Retail, Hospitality
Geography United States
Sponsor Requirements Acquisition, Recapitalization/Refinancing, Development, Repositioning
Loan Term 2 to 10 years
Loan to Value / Loan to Cost Up to 90% LTV/LTC
DSCR Requirements Existing DSCR’s below 1.0x are acceptable with structure
Prepayment Flexibility Flexible and structured for each deal
Recourse Non-recourse financing
Amortization Typically Interest-Only (depending on Borrower’s needs)
Investment Example:

Seattle, WA 98121 447 units
Investment Date: December 2015