Strategies
Ocean Bridge Capital invests across the capital stack in both debt and equity investments. Target acquisitions typically contain the following characteristics:
- First position loan
- Collateral type: office, retail, industrial, warehouse, multi-family, residential
- LTV’s typically ranging from 50% to 70%
- Single note and loan pool acquisitions
- Geographic focus: U.S. domestic
Equity Investing
- Ocean Bridge Capital invests strategic equity capital in joint ventures with experienced real estate operators and sponsors. Typical investments consist of opportunistic and value-added deals that include structural improvements, recapitalizing financial barriers for sponsors, and purchasing assets at a discount based on management inefficiencies and distressed situations.
Typical Joint Venture Equity Program
Investment amount: $2M to $45M
- Investment horizon: up to 5 years
- Asset class: Multi-family office, hotel, retail, bulk residential
- Geography: Major MSA’s in the United States
- Investment strategy: acquisition, repositioning, refinancing and select development
Debt Financing
- Ocean Capital originates senior and mezzanine loans secured by commercial real estate.
- Loan Amount: $1M to 250M
- Loan term: 6 to 24 months + extensions
- Amortization: Interest only
- Security: First Mortgage Lien and Deed of Trust
- Loan-to-Value: Up to 70% of stabilized value
- Loan-to-cost: Up to 75%
- Origination/ Exit Fees: Starts at 1%
- Minimum Yield: 6-12 Months
- Recourse/Non-Recourse Available
- Borrower/Guarantor: No min. Liquidity re’d, asset-based loans only
- Asset type: All major assets type
- Loan Type: quick closing, construction, rehab, repositioning, value-add, pre-development, loan purchases
- Geographical Focus: Nationwide