Llenrock Realty Partners will offer bridge debt capital in the$3-million to $30-million range to developers in North American andthe Caribbean. All asset types can be underwriting from theplatform. Structures include interest only, interest reserve,flexible pre-pay, and terms from six to 36 months.
Joseph Cacciapaglia, director of investments at Llenrock, willbe heading the initiative. He has worked as a financial analyst forboth United Dominion Realty Trust and Brandywine Realty Trust, andas an associate at BlueStone Real Estate Capital.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
