Sound Point Capital is an investment managing firm that writes senior and subordinate loans for unique borrowers nationwide. Sound Point is known for sub-advising the REIT InPoint Commercial Real Estate Income and manages more than $27 billion in several private funds and Collateralized Loan Obligations.
High-Level Lending Parameters
Senior Bridge Loans
Loan Amounts: $10-75 million
Loan-to-Value: 80% to 85%
Lending Terms: 1 to 5 years
Interest Rate: 325-500 bps over LIBOR
Markets: Nationwide
Asset Classes: Office, retail, industrial, multifamily, mixed-use, self-storage and land
Subordinating Bridge Loans
Loan Amounts: $10-75 million
Loan-to-Value: 80% to 85%
Lending Terms: 1 to 5 years
Interest Rate: 900-1,200 bps over LIBOR
Markets: Nationwide
Asset Classes: Office, retail, industrial, multifamily, mixed-use, self-storage and land
Recently-Closed Deals
- Office: Sound Point Group provided a five-year floating rate loan to refinance existing debt of an office building in Greenwich, CT. The $41.5 million loan was also put toward leasing and capital costs.
- Multifamily: Sound Point Capital provided a three-year floating rate loan of $53 million to GMF Capital in the acquisition of a multifamily property in Tampa, FL.
- Multifamily: Sound Point Capital provided a $53.1 million loan for the acquisition and development of a Leland, CA apartment community. The deal closed as a non-recourse, full-term, interest-only bridge loan with a 71% loan-to-cost.
