Tenant Improvement, Bridge and Permanent Financing

Angelic can arrange for funding of tenant improvements, whether as "over-market" TI allowances or in situations where the tenant wants any and all of its costs funded regardless of what a market TI allowance would fund.  Generally these fundings will be for the term of the lease.  By not capitalizing these amounts into the rent and the overall cost basis of the building, the cost of the TI repayment will end after the initial lease term and the tenant's total rent will actually drop in renewal terms.  This TI financing is structured in a way that avoids interfering with the building's primary lender/loan.

Angelic can arrange for bridge loan financing for acquisitions of value-add or opportunistic deals, or for other transition deals that will have a substantial change in their cash flows before stabilization.

We also source low-cost permanent financing from a variety of sources, including:

• Banks and insurance companies and other similar balance sheet lenders
• CMBS / securitized lending conduits
• Long term Credit Tenant Lease ("CTL") financing
• Other bond financings, including both taxable and tax-exempt financings, many of which can also include placement (sale) of tax credits and other similar initial equity cost offsetting moneys

Angelic Real Estate, LLC:  347 Fifth Avenue, Suite 1402, New York, NY 10016

Gabriel Silverstein, SIOR licensed managing broker.  Licensure in the states of New York, Florida, Wisconsin and Illinois.

Licensure in all other states and territories provided through other Angelic Real Estate team members and other locally-licensed affiliates and brokerage partners. 

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