Titan Capital is a nationally recognized, direct private commercial bridge lender, uniquely able to create individualized loan solutions that meet any need, no matter how urgent or how complex. With loans on real estate assets of all types and qualities, Titan Capital offers you the strength of an institutional lender combined with the flexibility and creativity you can only find with an established private lender. Titan Capital has deployed roughly $2 billion in the last 5 years. They currently have about $550 million in outstanding loans. Titan’s capital is primarily internal (two of the partners), as they do not have a fund structure, and fund deal-by-deal. Titan has offices in New York and Miami.
High-Level Lending Parameters
Loan Amounts: $500,000 – $100 million
Loan-to-Value: Up to 75% LTV/C
Lending Terms: Up to 3 years
Interest Rate: 8 to 10 %
Lending Focus: Tri-State-Area (NY, NJ, CT), South Florida and other major U.S. cities
Asset Classes: Multifamily, industrial, retail, office, mixed-use, land, condo
- Office Acquisition: Sponsor was under contract to purchase a 260,000 SF Class A suburban office portfolio in Northern NJ during COVID. The portfolio consisted of commercial grade buildings, boasting ~90% occupancy with credit tenants. As funding fell through with a bank, the Sponsor approached Titan with a TOE close. Titan was under the gun, as the Sponsor could lose up to $5 million of their deposit if the deadline was missed. Titan mobilized quickly and closed the $62.5 million deal in under 3 weeks. Titan offered 65% of purchase price, with no prepayment penalty.
- Mixed-Use Renovation: Sponsor owned a vacant mixed-use townhouse in Chinatown and was gut renovating it. Sponsor was putting in a restaurant on the ground floor, and needed $2.5 million to complete the renovations.
- Condo Inventory: Sponsor developed a 4-unit condo building in Prospect Park, Brooklyn. As COVID delayed the sale and froze the condo market last year, Sponsor’s current lender wanted to get taken out. Titan took out the construction loan with a condo inventory loan ($8 million). They have already sold half of the units.
A Note on Titan’s Process
With a group of tight-knit underwriters, they walk through every deal together with the partners. When Titan issues a term sheet, it means they are willing to do the deal and move forward with the parameters set forth. Additionally, the same people who underwrite the loan are servicing it. It’s not passed off to someone else. Titan prides itself on a full-service approach.