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JCR Capital

JCR Capital is a private real estate capital provider, specializing in bridge loans, mezzanine loans and equity opportunities.

 


Core Competencies

Custom Structuring

Middle Market Focus

Speed

Entrepreneurial Spirit

Certainty of Execution

Strategic Advice



Property Types

Income Properties:

Non-Income Properties:

Multifamily

Land

Retail

Land Development

Office

Condominium

Industrial

 



Loan/Investment Products

Bridge Loans

Hard Money

Preferred Equity

Distressed Debt

Equity

Loan Restructures



Product Profile
Bridge Loans $1 Million & Up
Preferred Equity $1 Million & Up
Equity: $500,000 & Up
Hard Money Loans: $500,000 & Up
Debt Restructures: $3 Million & Up


Geography
National Lender with a Western United States focus.

JCR Capital prides itself on creative structuring and innovative products to achieve client objectives.

 

JCR Capital Detailed Product Review
Opportunistic Bridge Loans on  Income Producing Assets

  • Asset Classes:  Commercial Properties
  • Security:  First Trust
  • Loan to Cost:  up to 75-80%
  • Rate:  Starting at 9%
  • Fees:  1-3 points
  • Term:  1-3 years
  • Underwriting focus:  Sponsor, plan, asset value and market
  • Exit strategy:  Sale (primary) or Refinance (secondary)

Opportunistic Bridge Loans on Non-Income Producing Assets

  • Asset Classes:  Land, lots, condominiums, commercial real estate
  • Security:  First Trust
  • Loan to Cost:  up to 70%
  • Rate:  Starting at 10%
  • Fees:  1-3 points
  • Term:  1-3 years
  • Underwriting focus:  Basis, market, plan and sponsor
  • Exit strategy:  Asset

Preferred Equity

  • Asset Classes:  Office, Retail, Industrial, Multifamily
  • Security:  Assignment of Partnership Interests/Partnership Agreement
  • Loan to Cost:  65-85%
  • Rate:  10%
  • Participation: Varies
  • Term:  1-3 years
  • Underwriting focus:  NOI growth, NOI stability, basis per foot
  • Exit strategy: Refinance (primary) or Sale (secondary)

Equity

  • Asset Classes:  All JCR asset classes
  • Equity Investment:  Pari Pasu or Preferred Equity
  • Return Requirements:  Mid teens to low 20%
  • Exit strategy:  Typically a sale

Distressed Assets/Loan Restructures         

  • Asset Classes:  Residential land, condominiums, commercial properties
  • Security:  First Trust
  • Loan to Cost:  50-70%
  • Rate:  9-10%, may include a back end participation
  • Fees/Participation:  Varies
  • Term:  1-2 years
  • Underwriting focus:  Basis, market, exit plan

Exit strategy:  Sale or refinance


UNDERWRITING CHECKLIST

In order to speed processing of your request, please provide JCR Capital with the following information:

 

Preliminary Information

Transaction Summary

 

Property Name

Requested Closing Date

Property Address

Requested Pricing

Type of Property  

Budget for Fixture Improvements

Acquisition Contract Price    

Proposed Sources & Uses of Funds

Narrative History of Property   

Current Debt Info (If Applicable)

Physical Description of Property  

Purchase & Sale Agreement

Summary of Operations   

Exit Strategy

Purpose of Financing   

Sale Exit & Refinance Assumptions

Types of Loan(s) Requested   

Expected Time for Repayment

Loan Amount(s) Requested 

 

 

 

Property Facts & Operating Information

Year Constructed

Square Footage per Unit Type

Site Plan 

Number of Parking Spaces

Map with Property Location  

Prior Rehabilitation

Exterior & Aerial Photographs   

Rent Roll Current & Prior Year

Type of Construction  

Operating Statement for 3 Years

Number of Buildings & Stories   

Historic & Current Vacancy

Amenities     

Property Pro Forma

Total Square Footage per Building  

Description of Property Manager

Number of Units 

Relationship with Property Manager

 

 

Borrower Information

 

Principle & Guarantor Names

Current Financial Statements

Resumes of Guarantor, General Partners, Managing Members

Source of Equity



Due Diligence for Closing

Third Party Reports

Borrower Information

Appraisal Report

Borrower Entity Description

Engineering Report
(Property Condition)

Borrower Organizational Chart

Environmental Report

General Partner Description
with Names   

Title Report   

Guarantor Tax Returns for 2 Years

Insurance Documentation

Current Financial Statements

Survey

JCR Capital Financial Disclosure Form

Zoning   

Background Check  

 

 

Market Data

 

List of Comparable Properties

Occupancy, Absorption & Rental Rates

Pictures of Comparable Properties

Pending Construction

Comparative Details Map

Units in Market & Submarket


 
 
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