Carmel Partners started a loan business



Experts in multi-family real estate, Carmel Partners applies a vertically integrated platform to create value in cities from coast to coast, with a historic focus on development and redevelopment projects in major metropolitan areas. By employing internal teams, Carmel Partners has a unique ability to control and oversee every stage of development, from identifying target markets to construction to asset management. With projects portraying an unmistakably high-end standard, Carmel Partners is building a reputation for multi-family expertise in an ever-changing investment landscape.

“Linea,” a West Los Angeles project consisting of a ten-story building and three six-story buildings on the outskirts of Beverly Hills, Century City and Westwood, reflects the company’s entrepreneurial approach. in development. With modern apartment interiors, proximity to public transportation, and stunning views of the Pacific Coast, Carmel Partners brings the ideal Los Angeles lifestyle to life at Linea.

With a presence in markets beyond Los Angeles, the company has gained a nuanced understanding of the multi-family industry through its assets in New York, San Francisco, Seattle, Denver, Washington DC and Hawaii. With this knowledge and experience comes an ability to anticipate competitive opportunities throughout fluctuating market cycles.

Building on more than two decades of successful multi-family investments, Carmel Partners expanded operations during the COVID-19 pandemic, which posed significant challenges for the real estate industry and forced many developers to reimagine the scope of projects existing. To cope with the decline in commercial real estate loans, Carmel Partners has launched a segment of its business that would provide options for multi-family developers without traditional financing through underwriting home loans and construction loans. Combining a compelling understanding of investing with an ability to manage risk, Carmel’s credit team has offered its exceptional underwriting capabilities to landowners and developers during a turbulent time for the industry.

Carmel Partners successfully closed over $ 220 million in multi-family development loans in just nine months in the New York metro area and, for the first time, in Boston, a city that fits the overall investment thesis of Carmel to have relatively high commercial real estate values, high barriers to entry, strong job growth and overall desirability.

The loan team has taken out its first loan for a Boston property to help with restructuring construction debt due to roadblocks caused by the COVID-19 pandemic. The project had initially started in 2019, on the verge of entering a market with rising property values, but faced delays and complications that left the developer in need of financial assistance. Unable to rely on conventional lenders, a $ 101.5 million loan was co-arranged by Carmel Partners and another lender who gave the borrower the opportunity to shift their development plan, completing the property in condominiums. rather than rental apartments.

In the New York metropolitan area, Carmel Partners has provided custom lending solutions for land and construction properties, positioned in convenient neighborhoods and meeting the company’s criteria for risk-adjusted returns. Carmel’s lending team, built on two decades of successful multi-family investments across multiple economic cycles and major U.S. markets, enabled the team to understand the assets underlying the loans and the value of opportunity.

Carmel Partners’ credit business will explore new markets to apply its expertise by creating personalized solutions for large and complex real estate and construction loans. With an eye on rapidly expanding cities, the team searches for markets that match the company’s investment strategy.

As multi-family experts, Carmel Partners provided an execution facility for land, construction and bridging loans during a period of unprecedented impact on the commercial real estate sector that allowed development to continue during the pandemic.

About Carmel Partners

Carmel Partners is a leading specialist in real estate investment management, with a focus on the acquisition and renovation of multi-family housing in the United States, as well as development and construction. The company also specializes in debt and loan opportunities. Carmel Partners, LLC was founded in 1996 and has offices nationwide including San Francisco, Los Angeles, Irvine, New York, Seattle, Washington DC, and Denver. For more information, please visit www.carmelpartners.com.


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