Steeprock Capital is a privately-owned real estate investment firm with offices in Greenwich, CT and Rochester, NY. SteepRock invests in both real estate debt and equity investments, favoring assets with durable cash flow or long-term intrinsic value. Investments are made through SteepRock’s fund, various institutional separate accounts and joint ventures.
High-Level Lending Parameters
Loan Amounts: $10-150 million
Loan-to-Value: Up to 85-90%
Lending Terms: 1 to 10 years
Interest Rate: Fixed/floating
Asset Classes: All property types
- Condominium: Steeprock Capital financed a $10.65 million mezzanine loan for a luxury residential building in the Chelsea neighborhood of New York City, near the High Line park.
- Office: Steeprock Capital provided a $9.5 million mezzanine loan for a Class A office building in Stamford, Connecticut.
- Hospitality: Steeprock Capital financed a $12 million mezzanine loan for SoHo Beach House, a hotel and private club in Miami Beach, Florida.