lightstone capital

Lightstone Capital is a real estate debt platform that originates senior, mezzanine and preferred equity loans on all property assets within the U.S. Launched by the Lightstone Group in 2018, Lightstone Capital boasts over $500 million of discretionary capital to provide borrowers with flexible and immediate financing for opportunities outside the traditional real estate lending landscape. To date, Lightstone Capital has leveraged over $10 billion of commercial real estate transactions tailored to meet each borrower’s unique circumstance. Lightstone has the ability to close in as few as five days with interest-only loans, non-recourse options and pre-payment flexibility.

High-Level Lending Parameters

Loan Amounts:

  • Senior bridge loans: $5-10 million
  • Loan financing: $5-25 million
  • Mezzanine and preferred equity: $5-25 million

Loan-to-Value:

  • Senior bridge loans: LTV up to 75%, LTC up to 80%
  • Loan financing: LTV up to 65%, LTC up to 85%
  • Mezzanine and preferred equity: LTV up to 75%, LTC up to 90%

Lending Terms: Up to 3 years + extensions

Interest Rate:

  • Senior bridge loans: starting at 5%
  • Loan financing: starting at 5%
  • Mezzanine and preferred equity: starting at 9%

Markets: U.S. national

Asset Classes: Property type agnostic (Industrial, condo, mixed-use, retail, office and specialty use)

Recently-Closed Deals

  • Multifamily Development: Lightstone Capital recently refinanced a downtown Santa Monica residential development site with a $44 million senior bridge loan. The site houses both market-rate and affordable housing with some allocated retail space.
  • Commercial Refinancing: Lightstone Capital provided a completed property with a $42.7 million senior loan in Jersey City, NJ. The loan refinanced existing construction on the boutique commercial space with flexibility for the sponsor to lease the property before acquiring permanent financing.
  • Mixed-Use Construction: Lightstone Capital provided a $13 million senior bridge loan within six business days to a borrower in Queens, NY to complete construction on a mixed-use lot. The property contains space for commercial and residential use and was 90% complete at time of closing.
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