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Gauntlet Commercial Real Estate Capital, LLC(Gauntlet CREC) has successfully entered into a JV agreement to invest $120 million in short-term bridge loans throughout the western United States. The privately administered financial partner is retaining Gauntlet CREC to represent the capital as well as manage originations and analysis of the transactions. The private equity firm is listed as an alternative investment vehicle on Fidelity, Schwabb, TD Ameritrade and Pershing, Inc.
With the strategic partnership initialized to increase the capacity of Gauntlet CREC's short-term programs, the financial partner in the strategic partnership has received total equity commitments of $120 million for senior and mezzanine asset-based financing for deployment in the first half of 2011.
Gauntlet CREC has been identifying and structuring financing for the acquisition and refinance of single-asset and portfolio transactions from inception to close. Facilitating the acquisition of debt obligations secured by CRE is a critical mandate for this fund because that particular niche represents the most profitable and secure returns in CRE for 2011. "The market needs a vehicle to take advantage of significant debt reductions. Transactions with discounted debt as a component represent the fastest growing trend in commercial real estate" says Felix M. Gutnikov, vice president.
Eligible properties for the program will range from multi-family, industrial, office, retail and hospitality to healthcare, mixed use and special purpose assets secured by real property or whole loans. Debt facilities of $1 million to $25 million will have terms that range from 24 to 60 months at fixed, interest-only yields between 8% to 12% per annum.
With the successful formation of the partnership, Gauntlet CREC is delivering attractive returns and navigating the Western U.S. capital markets for its financial partner. "We are already providing competitive, flexible short-term bridge financing with creative solutions for borrowers in unique or distressed situations," says Michael A. Clinton, managing director. The dedicated team at Gauntlet CREC has consistently demonstrated their ability to identify opportunities to create and maximize value, while minimizing risk and providing a seamless process for both the investor and sponsor.
Gauntlet Commercial Real Estate Capital is a boutique investment banking firm that provides capital advisory services to commercial real estate investors throughout the United States and in select international markets.
For more information, please visit www.GauntletCommercial.com or view the press release at ABF Journal
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