LaSalle Debt Investors is a real estate bridge lender that offers short-term floating rate loans and CLOs for borrowers of middle-market commercial real estate investments. The firm is an independent subsidiary of one of the world’s leading real estate companies, Jones Lang LaSalle Incorporated. Focusing on value-add and transitional deals, LaSalle has invested in $5 billion worth of properties across all asset classes for more than 400 investors across the globe.
High-Level Lending Parameters
Loan Amounts: $5-40 million
Loan-to-Cost: Up to 85% on multifamily; 80% on office, industrial, retail; 75% on hospitality
Lending Terms: 2 to 5 years
Interest Rate: 325-550 bps above LIBOR
Asset Classes: Multifamily apartments, multi-tenant industrial, office, mixed-use, student housing, flagged hospitality
- Industrial: A portion of LaSalle Debt Investors’ $298 million investment into an open-ended Japan fund was put toward acquiring a Tokyo warehouse and seven residential properties across Osaka and Nagoya. The LaSalle Japan Property Fund is the first diversified core fund of its kind that has raised blind-pool capital of this amount.
- Mixed-Use: In 2021, LaSalle expanded its Canada property fund to include three new transitional industrial properties in the heart of Toronto’s Junction area. The $120 million joint venture with TAS aims to create community hubs of small businesses, nonprofit organizations and other below-market renters.
- Multifamily: LaSalle advised JLL Income Property Trust in the acquisition of a 13-building apartment community in Denver, CO for $52 million. The multifamily property holds 195 renovated units.