Commercial Real Estate Loans
  March 05, 2005
  PSC Audio Overview

Equity Financing

Pacific Security Capital provides equity financing according to the following underwriting guidlines:

Eligible Projects:

We will consider Multifamily, Retail, Industrial, Office, Hospitality and Condominium projects for the following types of investments:

  • Development
  • Recapitalizations
  • Renovations
  • Yield Plays

Eligible Property Locations:

We invest in projects in all 50 states and most parts of Canada however we prefer Tier I and Tier II Markets with strong market fundamentals in place.

Deal Size:

$20MM ++ ($5 - $50MM per property). Properties should apply 70-80% leverage.

Investment Amounts:

PSC will fund up to 95% of the required equity amount. We like to see sponsor contributions of between 5% and 10%

Target Returns:

Depending upon project dynamics, sponsor suitability and deal structure PSC will target between 15% and 30% returns.

Deal Structure:

Preferred Return: 8 -12%

Tiered Returns: Ownership percentages are based upon mutually established hurdle rates or benchmarks designed to effect the target returns outlined above

Holding Periods:

1 5 years. Project durations will affect risk adjustments in pricing.

For more information on Pacific Security Capital please see our FAQ's, fill out our online application or contact PSC directly.