360 capital funding

360 Capital Funding is a direct bridge lender that provides loans for the acquisition, refinancing, rehab and development of all property types in the greater New York tri-state area. Backed by the private institutional investing firm, Fortress, 360 Capital employs its principals’ 25 years of experience in real estate lending to provide a broad spectrum of loan types. 360 Capital prides itself in offering quick decisions and flexible terms to meet borrowers’ financing needs, even in the most complex of transactions.

High-Level Lending Parameters

Loan Amounts: $1-50 million
Loan-to-Value: Dependent on asset type, but up to 80% for multifamily and industrial properties. Land deals for up to 60% loan-to-cost.
Lending Terms: 1 to 3 years
Interest Rate: 8 to 11%
Markets: NYC Focus — Greater New York Tri-State Area
Asset Classes: Property type agnostic (commercial, retail, condo, mixed-use, retail, office and residential conversion)

Recently-Closed Deals

  • Office: In 2021, 360 Capital provided an acquisition and predevelopment loan for a 59,000-square-foot office building in the West Village neighborhood of New York City. Subject to a 99-year ground lease, the borrower seeks to renovate and lease the property.
  • Commercial: 360 Capital closed an $8.45 million refinancing and rehab loan in Queens, NY. The collateral of the 13,000-square-foot building comes with excess buildable rights. The borrower intends to renovate the building for rent and develop an adjacent parcel for multifamily housing.
  • Mixed-Use: 360 Capital provided a development loan for a mixed-use property in Gowanus, Brooklyn, NY. The 50,000-square-foot property is considered a buildable land area where ground-up construction is legal and viable.
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