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Target Rock Partners
Overview
The Target Rock Partners team will determine the optimal capital structures for commercial real estate acquisitions and recapitalizations. The team’s excellent relationships with debt and equity sources combined with its extensive knowledge of the capital providers allows it to structure, negotiate, and close transactions in a timely manner. Our capital sources include securitized lenders, life insurance companies, banks, private lenders, and institutional and private equity.
We can source multiple types of debt: large or small, fixed-rate or floating rate, permanent or bridge, acquisition, refinance, construction, or recapitalization. Our deep ties with lenders has also allowed us to negotiate on behalf of distressed borrowers who are seeking relief, while introducing them to the appropriate sources of new equity or debt.
Our equity placement success has been driven by our access to lower-cost capital sources that are seeking passive partnerships with successful operators. These range from private investors to large institutional funds. Our knowledge of the investment criteria of our equity sources allows us to identify the appropriate capital source and allow the acquisition or recapitalization to close quickly. We have had great success in closing with single source capital providers that can offer the entire capital stack of first mortgage, mezzanine, preferred equity or joint venture equity.
In addition to our capital markets activities, Target Rock Partners has closed a significant number of investment sales assignments. We have achieved superior results for our clients by devising and executing marketing strategies specfically tailored to meet their particular needs. Whether directly marketing to its extensive principal network or conducting a broader campaign effort, Target Rock Partners adapts its sales approach to the unique requirements of each property owner. Generally, we do not conduct mass marketing campaigns that dilute the asset’s marketability. Instead, we target specific buyers with unique needs and focus on relationships that value the product and are willing to pay aggressive prices.
Our business is national in scope and is focused on retail, office, industrial, multifamily, hospitality, self-storage and mobile home park properties. Target Rock Partners’ services include:
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Advisory Services: Recapitalization, Loan Restructuring, Loan DPO, Note Sales, Investment Sales
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Mortgage Banking: Senior Debt, Mezzanine Debt, Bridge Loans, Construction Loans, Correspondent Lending
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Equity Capital: Proprietary Equity, Third Party Equity, Preferred Equity, Rescue Equity
Target Rock Partners specializes in advising clients on asset sales and acquisitions, capital structures and procuring debt and equity. Our expertise lies in creating solutions that provide liquidity for developers and property owners to achieve financial flexibility for new or existing projects. The company executives have extensive commercial real estate experience that encompasses real estate lending, acquisitions, investment sales and mortgage banking with past experience at firms including Morgan Stanley, Merrill Lynch, Chesterton International, Bank of America, Berkadia, Barclays, Wells Fargo, UBS and Gale International.