Latitude Management Real Estate Investors (LMREI) is a national commercial real estate bridge lender providing short term, floating rate loans to middle-market commercial real estate sponsors seeking hand crafted real estate solutions. LMREI’s primary focus is on originating new bridge loans for value-add and transitional properties in sustainable growth markets throughout the United States. LMREI underwrites each transaction bottom-up through an equity owners’ lens making sure that all interests are always aligned and the exit strategy is clear. LMREI is actively lending on behalf of LMREI’s third discretionary debt fund, Latitude Management Real Estate Capital III (LMREC III).

LMREI’s cycle-tested management team and vertically integrated platform has successfully closed over $3 billion in transactions across all primary commercial real estate property types. LMREI seeks to generate favorable risk-adjusted returns for investors by targeting middle market bridge loans to experienced sponsors with business plans that generate increasing operating income through value-add capital improvements, leasing strategies, and active asset management.

General Parameters
  • $1B + Discretionary Debt Fund (No Shadow Underwriting)
  • First Trust Deed or Senior Secured Mortgage Finance
  • Loans remain on balance sheet
  • Location: Nationwide
  • Loan Amount: $5MM – $40MM
  • Leverage:
    • Up to 85% LTC on Multifamily
    • 80% on Office / Industrial / Retail
    • 75% on Hospitality
  • Rate: L + 500 to L + 700*
  • Term: 2 – 5 years
  • Yield Maintenance: 12 – 24 months
  • Origination: 0% at close, 1% – 2% upon exit
  • Non – Recourse with standard “Bad Boy Carve Outs”
  • Sub 1.0 DSCR accepted, min Debt Yield not required
  • Time to close as short as 21 days from application
  • Brokers protected

Eligible Property Types
  • Multifamily Apartments
  • Student Housing & Workforce Housing
  • Flagged Hospitality
  • Multi – Tenant Office
  • Multi – Tenant Industrial
  • Multi – Tenant Retail & Mixed Use
  • Portfolios of any of the above

Non Eligible Property Types
  • Health Care / Assisted Living Facilities
  • Single – Tenant / Owner User
  • Single Family Residential Homes
  • Ground Up Construction or Land
  • Special Use: Casinos, Gas Stations, Mobile Home Parks

*http://www.bankrate.com/rates/interest-rates/