Investment Criteria
Northmarq Fund Management is a trusted source of first mortgage/mezzanine/B-note financing and JV/preferred equity under the following general guidelines. Investment opportunities that do not fit within the parameters detailed below will be considered on a case-by-case basis. No construction financing.
Mortgage Loans | Mezzanine Loans/B-notes | Preferred/Participating Preferred Equity | JV/Direct Equity | |
| Investment Amount | Currently $5 to $10M | Currently $2M to $8M | ||
| Product Type | Most property types considered. Primary focus on existing, income-producing properties. No ground-up development | |||
| Geography | Nationwide | Nationwide | Nationwide | 35 Target Markets* |
| Typical Detachment LTV | 65% or 75% | 75% or 80% | 80% or 85% | 100% |
| Pricing/Target | +/- 7% | 11% to 13% | 13% to 15% Accrual | > 15% |
| Fees | Varies | N/A | ||
| Minimum DSCR | 1.30x | 1.15x | 1.00x - 1.10x | N/A |
| Term (Years) | 2 to 10 | 3 to 10 | 3 to 7 | 3 to 7 |
| Fixed or Floating | Both | Fixed | Pay + Accrue | N/A |
| Amortization | Interest Only | N/A | ||
| Prepayment Penalty | Varies | Varies | Min. Multiple | N/A |
| Resource | Non-Recourse | N/A | ||
Not all investments will meet each of the criteria described above. We will consider opportunities outside of the parameters on a case-by-case basis.
No two investments are alike
Whether you’re looking to monetize trapped equity or bridge an equity gap, we’ll help you identify your options and choose the right solution.
Trust and dependability are the keys to any great partnership.
Our experienced, committed team develops strong relationships with forward-thinking investors and provides flexible capital to commercial real estate entrepreneurs that make great projects happen.
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Access Capital for Your Next Venture
Interested in accessing capital for your investment opportunity? We welcome you to complete this form to begin the process.
While our investment criteria are outlined above, we understand that not all opportunities will perfectly align with those parameters. We are open to considering a wide range of possibilities and encourage you to submit your information even if your investment falls outside of the described criteria. We review each submission on a case-by-case basis.
Locations:
4949 Meadows Road, Suite 490
Lake Oswego, OR 97035
120 West 45th St, Suite 2610
New York City, NY 10036