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INVESTMENT CRITERIA

Equity and Quasi Equity Programs

Property Types

-Residential “For Sale” Housing (both attached and
detached)
-Land Development
-Condo Conversions
-Apartments
-Mixed Use
-Retail (anchored centers)

Transaction Types

-Equity Investments
-Junior Participating Mezzanine Loans
-Fixed Rate Subordinate Debt

Target Returns

-Project specific but generally the goal is 18-25%
annual returns on the invested capital

Project Size & Term

-Project value of $10M to $100M+
-2-4 year investment term

Target Investment

-$1M to $10M per project

Partner Profile

-In depth local market knowledge
-Successful track record in specific property type(s)
under consideration
-Appropriate financial strength for the project’s size
and scope
-Willing to co-invest a percentage of the project’s
equity requirement


Typical Capital Structure

Developer procures traditional senior financing of +/- 80% of cost/value. The balance of the project’s capital requirements are divided between developer and the investor.


Grace Capital Fees

Negotiated on a project by project basis. Paid at the closing and charged as a transaction cost to the project. Typically our fee is a percentage of the capital raised with a specific minimum per transaction.

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©2008 Lizard Lick Design