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JCR Capital
JCR Capital is a private real estate capital provider, specializing in bridge loans, mezzanine loans and equity opportunities.
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Core Competencies
Custom Structuring |
Middle Market Focus |
Speed |
Entrepreneurial Spirit |
Certainty of Execution |
Strategic Advice |
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Property Types
Income Properties: |
Non-Income Properties: |
Multifamily |
Land |
Retail |
Land Development |
Office |
Condominium |
Industrial |
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Loan/Investment Products
Bridge Loans |
Hard Money |
Preferred Equity |
Distressed Debt |
Equity |
Loan Restructures |
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Product Profile
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Bridge Loans |
$1 Million & Up |
| Preferred Equity |
$1 Million & Up |
| Equity: |
$500,000 & Up |
| Hard Money Loans: |
$500,000 & Up |
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Debt Restructures: |
$3 Million & Up |
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Geography
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National Lender with a Western United States focus. |
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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:
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Preliminary Information |
Transaction Summary |
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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 |
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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 |
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Borrower Information |
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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 |
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Market Data |
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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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