Bridge Loans For Value-Add And Opportunistic Acquisitions And Recapitalizations Nationwide

CAPITAL STRUCTURE: BRIDGE LOAN

Private lender offering fixed-rate bridge loans for special situations, quick-closings, or heavy-lift Capex projects.
Check Size: $2MM-15MM
LTV for multifamily: Up to 80%
LTV for other sectors: Up to 75%
Rate for multifamily: 5-7%
Rate for other sectors: 7-9%
Term: 6 to 24 months
Amortization: Interest only
Recourse: Transaction dependent
Lien position: 1st TDs and mortgages only
Property Types: All property types
Use: Value-add, acquisition and recapitalization
Geography: Nationwide

Seth Schumer

MANAGING DIRECTOR

Seth Schumer joined Eyzenberg & Company as a Managing Director. His primary focus is transaction management and structuring advisory for commercial real estate finance transactions.

Prior to joining the firm, Schumer served as Head of US Investments for Quadrum Global (formerly Cube Capital) where he grew platform from one US hotel investment to an 18-asset mixed use portfolio through new acquisitions, ground-up developments, team building and creation of three internal operating platforms (Tesseract Investment Advisors, Arlo Hotel Management and Quadrum Senior Living Management). While at Quadrum, Schumer acquired, capitalized and asset managed a hotel portfolio that includes Arlo SoHo, Arlo NoMad, Nautilus South Beach, The Godfrey Hotel Chicago, Essex Inn Chicago, and B Resort & Spa at Walt Disney World, and led the efforts to create an in-house hotel management platform and the new Arlo Hotel brand. He additionally led the efforts to develop a senior housing property and the Amavida brand.

His expertise in debt financing including loan underwriting, servicing and borrower relations was learned while working in London for ABN AMRO, and in New York for Chase Manhattan Bank and Chemical Bank. Whilst at AIG Global Real Estate and Real Estate Capital Partners (now CP Capital), he additionally gained asset management, development insight and JV equity structuring experience. Also, during his time at AIG, Seth was part of team that acquired four RTC loan portfolios.

Schumer holds a master’s degree in real estate investment and development from New York University and a bachelor’s degree in accounting from the University of Maryland.

Email

sschumer@Eyzenberg.com

D: (305) 995-0777 ext .306
C: (305) 360-9625