New York, NY 10004
Basis offers a wide range of investment offerings.
Structured/Preferred Equity/Mezzanine Investments
Loan Amount
$5 – $150 million
Term
3- to 10-year terms
Loan-to-value (LTV)
Up to 85%
Debt Yield
Tailored to each transaction
Purpose
Acquisitions, Refinancing, Repositioning, Workouts, Recapitalization
Loan Type
Fixed or SOFR-based floating rate loans (current/accrual features where necessary)
Pricing
Competitive pricing tailored to each transaction
Amortization
Negotiable, typically Interest-Only
Recourse
Non-recourse except for certain standard carve-outs
Fees
Negotiable, generally 1% origination and 1% exit fee
Prepayment
Flexible
Property Types / Geography
Multifamily*, Retail, Office, Industrial, Hospitality and Self-Storage properties located in primary and secondary markets throughout the U.S.
*Can provide joint venture preferred equity behind GSE mortgages
Bridge Loan Program
Loan Amount
$15 – $150 million; may go higher in select cases
Term
3-year term with two (2) x 1-year extension options
Loan-to-value (LTV)
Up to 70% for stabilized commercial and hotel
Up to 75% for stabilized multifamily
Debt Yield
Tailored to each transaction
Purpose
Acquisition, Refinancing, Repositioning, Workout, Recapitalization
Loan Type
SOFR-based floating rate loans
Pricing
Competitive pricing tailored to each transaction
Amortization
Interest-Only
Recourse
Non-recourse except for standard carve-outs
Fees
Negotiable, generally 1% origination and 1% exit fee
Prepayment
Flexible
Property Types / Geography
Multifamily, Retail, Office, Industrial, Hospitality, Mobile Home Parks and Self-Storage properties located in primary and secondary markets throughout the U.S.
GP/LP Equity
Investment Amount
$7 – $20 million; may go higher for extraordinary opportunities
Hold Period
3 to 5 years; may go higher for extraordinary opportunities
Risk Type
Value-add opportunistic risk (including ground-up development for certain asset types)
Multifamily
Acquire and reposition / redevelop class B/C workforce and affordable apartments. Develop garden-style or podium / wrap properties. Targeting high growth and high-barrier to entry secondary markets for both strategies.
100-400 Units
$7-$20M Equity
Leverage: up to 70%
Hold Period: 3-5 Year
Vintage: 1980s to early 2000s
Industrial
Last-mile fulfillment & bulk distribution warehouse development / redevelopment in dense urban markets and underserved gateway submarkets.
50K-500K SF
$7-$20M Equity
Leverage: up to 65%
Hold Period: 3-5 Year
Office
Acquire and redevelop / reposition mid-sized Class B/C assets in infill locations to Class A modern office. Redevelop well-located former industrial space into creative office.
100-200K SF
$7-$15M Equity
Leverage: up to 65%
Hold Period: 3-5 Year
Other Asset Types & Special Situations
Acquire and reposition limited-service hotels, pharmacy and grocery anchored retail centers and niche assets (i.e., cold storage). Invest in distressed assets that generate outsized yield from project-specific challenges. Preferred equity or hybrid common / preferred equity for certain opportunities.
<250 Keys or <250K SF
$7-$15M Equity
Leverage: up to 80%
Hold Period: <3 Years
CMBS (Commercial Mortgage-Backed Security) Loans
Loan Amount
$10 – $75 million; may go higher in select cases
Term
5 to 10-year terms
Loan-To-Value (LTV)
Up to 75%
Debt Yield
Tailored to each transaction
Purpose
Acquisition, Refinancing
Loan Type
Fixed
Pricing
Competitive pricing tailored to each transaction
Amortizing DSCR
1.30x (can be reduced to 1.25 for certain opportunities)
Amortization
Up to 30 years; Partial and Full-Term IO available depending on LTV and DSCR
Recourse
Non-recourse except for certain standard carve-outs
Prepayment
Treasury defeasance after the earlier of (i) two years after a securitization or (ii) three years from the closing date. Open 90 days prior to maturity.
Property Types / Geography
Multifamily, Retail, Office, Industrial, Hospitality, Mobile Home Communities, and Self-Storage properties located in primary and secondary markets throughout the U.S.
Recent Transactions
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Investing in Success, Partnering with BIG.
Basis Investment Group, 180 Maiden Lane,
Suite 3202, New York, NY 10038
