{"id":1004618470,"date":"2022-11-08T02:04:00","date_gmt":"2022-11-08T10:04:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004618470"},"modified":"2022-12-09T02:11:00","modified_gmt":"2022-12-09T10:11:00","slug":"greystone-forms-jv-with-inlet-real-estate-capital","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/greystone-forms-jv-with-inlet-real-estate-capital\/","title":{"rendered":"Greystone Forms JV With Inlet Real Estate Capital"},"content":{"rendered":"
\"Ryan<\/a>

Ryan Jantzen, Co-Founder, Inlet Real Estate Capital. Image courtesy of Inlet Real Estate Capital<\/p><\/div>\n

National CRE finance firm Greystone<\/strong>, through affiliate Greystone Commercial Mortgage Capital, has formed a joint venture with Inlet Real Estate Capital<\/strong> \u201cto provide short-term, floating rate capital solutions for commercial real estate owners,\u201d Greystone announced on Monday, Nov. 7.<\/p>\n

A Greystone spokesperson told Commercial Property Executive<\/em> that the target raise for the fund is in the neighborhood of $250 million. The joint venture will target transactions ranging from $5 million to $50 million on assets located throughout the U.S.<\/p>\n

Greystone Inlet Real Estate Capital<\/strong> will target complex or potentially distressed situations by providing debt and equity recapitalization solutions for multifamily, industrial, office, mixed-use and other asset types that need additional time and capital to execute their business plan and stabilize the property.<\/p>\n

\n

READ ALSO<\/strong>: PREIT\u2019s CEO on the Rebirth of Malls<\/a><\/p>\n

\n

The joint venture will offer flexible structured capital solutions such as first mortgages, mezzanine loans, preferred equity, common equity investment, or a hybrid of multiple structures. On stabilization, the strategic venture between Greystone and Inlet will provide sponsors with direct access to long-term, fixed-rate financing through Greystone\u2019s other lending platforms such as CMBS and agency financing.<\/p>\n

\"Rich<\/a>

Rich Highfield, Head of CMBS lending, Greystone. Image courtesy of Greystone<\/p><\/div>\n

Inlet Real Estate Capital was founded just last year and is led by Ryan Jantzen and Adam Saltzman, both formerly with Ladder Capital<\/strong>. So far, the company has accumulated more than $100 million in assets under management.<\/p>\n

According to Jantzen\u2019s prepared remarks, a record number of loan maturities are expected within the next year, and CRE investors and lenders may find themselves in a difficult position to refinance, frequently at less than expected proceeds or less than optimal rates, so the newly formed entity will offer short-term, creative financing solutions to allow borrowers to successfully recapitalize their properties.<\/p>\n

Rich Highfield, head of Greystone\u2019s CMBS platform, added that Greystone\u2019s CMBS financing platform as an exit option complements Inlet\u2019s capabilities.<\/p>\n

Distress, or not?<\/h2>\n

Since early in the pandemic, when sizable numbers of office and hospitality properties began experiencing levels of stress similar to the already-beleaguered retail sector, entities have stepped up with platforms to serve owners of distressed assets.<\/p>\n

\"Image<\/a>

Image by Gerd Altmann via Pixabay<\/p><\/div>\n

For example, in June 2021 Archway Capital<\/strong> launched<\/a> a $150 million lending program aimed at complex transactions and\/or non-performing CRE assets.<\/p>\n

The same month, SKW Funding<\/strong> and Bain Capital Credit<\/strong> LP formed a joint venture<\/a> to focus on special situation loan originations and sub- and non-performing note acquisitions.<\/p>\n

In August 2021, however, Commercial Property Executive<\/em> interviewed<\/a> some of the CRE executives who were questioning the extent to which widespread distress has really happened, or is likely to.<\/p>\n","protected":false},"excerpt":{"rendered":"

This joint venture will address the short-term financing needs of distressed assets. <\/p>\n","protected":false},"author":882,"featured_media":1004556961,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21783,23891,21742],"tags":[32855,34218],"class_list":["post-1004618470","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-investment","category-national","category-latest","tag-greystone","tag-ladder-capital-corporation"],"acf":[],"yoast_head":"\nGreystone Forms JV With Inlet Real Estate Capital - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"National CRE finance firm Greystone, through Greystone Commercial Mortgage Capital, has formed a joint venture with Inlet Real Estate Capital.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/greystone-forms-jv-with-inlet-real-estate-capital\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greystone Forms JV With Inlet Real Estate Capital\" \/>\n<meta property=\"og:description\" content=\"National CRE finance firm Greystone, through Greystone Commercial Mortgage Capital, has formed a joint venture with Inlet Real Estate Capital.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/greystone-forms-jv-with-inlet-real-estate-capital\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-08T10:04:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:11:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/11\/Handshake-numbers_-by-Gerd-Altmann_-Pixabay_800x620.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/greystone-forms-jv-with-inlet-real-estate-capital\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/greystone-forms-jv-with-inlet-real-estate-capital\/\",\"name\":\"Greystone Forms JV With Inlet Real Estate Capital - 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