LaSalle Debt Investors is a US commercial real estate bridge lender providing short-term, floating rate loans to middle market commercial real estate borrowers seeking hand-crafted real estate solutions. Our primary focus is on originating new bridge loans for value-add and transitional properties in sustainable growth markets throughout the United States.
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Assets in US dollars; data as of September 30, 2024
Why choose us?
- We are an active non-bank lender and have originated 400+ loans since 2006.
- The team has invested across a broad range of asset classes in 37 US states, including multifamily, industrial, hospitality and other commercial real estate.
- LaSalle’s financing solutions can be customized to suit your funding needs.
Loan parameters and eligibility
General parameters
- First trust deed or senior secured mortgage finance
- Loans remain on balance sheet
- Asset management duties performed in-house
- Location: nationwide
- Loan amount: $5 million – $40 million
- Leverage:
- Up to 85% LTC on multi-family
- 80% on office, industrial and retail
- 75% on hospitality
- Interest rate: Term SOFR + 295 to Term SOFR + 600
- Term: 2 – 5 years
- Yield maintenance: 12 – 24 months
- Origination: 0% at close, 1% – 2% upon exit
- Non-recourse with standard “Bad Boy Carve Outs”
- Sub 1.0 DSCR accepted, min debt yield not required
- Reserve accounts are future funded and do not accrue interest until funded
- Time to close as short as 30 days from application
Preferred property types
- Multifamily apartments
- Multi-tenant industrial
- Flagged hospitality
- Multi-tenant retail and mixed use
- Student housing
- Multi-tenant office
- Portfolios of any of the above
Non-eligible property types
- Healthcare and assisted living facilities
- Single-family residential homes
- Land
- Special use real estate such as casinos, gas stations or mobile home parks
Example loans
These transactions are meant for illustrative purposes only, are subject to change without notice and are not meant as a projection or estimate of the nature of investments or returns on any such investments. This information has been prepared by LaSalle Debt Investors in order to illustrate the type of strategies that the Advisor might seek to implement. There can be no guarantee that the Advisor will be able to make these investments or that such allocation will be achieved.
Originations team
Fund Manager, LaSalle Debt Investors
Managing Director, Head of US Debt Originations
Vice President
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