Pangolin strives to provide comprehensive capital strategies for a number of development situations.
Property types include, multifamily, student housing, senior living, hospitality, resort, office, medical and industrial.
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First Mortgage Lien: $30 to $200 million
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Mezzanine Loans: $5 to $50 million
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Preferred Equity Investments: $5 to $50 million
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Joint Venture or Common Equity: $5 to $50 million
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Features:
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Pay/Accrue structures to relieve pressure during construction, renovation, transition or stabilization
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Contingent interest and participation features to increase alignment and reduce current debt service
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Custom-tailored solutions like "Good News" upsizing and staged funding to recognize achievement of milestones while helping to conserve equity and drive returns
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Additional collateral may be considered in certain situations to meet minimum equity requirements
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Situations:
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Ground up development of fully entitled projects
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Acquisitions of assets, portfolios and companies
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Turnarounds, transitional properties, value-add and opportunistic deals
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Financing of individual loan acquisitions as well as large portfolios/pools
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Flexible terms for projects awaiting EB-5 or HUD Financing
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Full or partial partner buy-outs or buy/sell situations
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Complex recapitalization of properties, portfolios or companies including distressed situations and DIP financings
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Borrower loan repurchases and restructurings