Confidas Capital Advisors
Created in 2004 as a platform for alternative investments.
Leveraging its long track record of advising investors in many different asset classes, the platform developed a specialisation in co-investments in U.S. commercial real estate (“CRE”) equity and debt.
U.S. CRE middle market debt investment thesis
Highly fragmented market with unique opportunities due to regulation
Opportunity to earn outsized returns in credit secured by high quality real estate.
U.S. Middle Market Real Estate Lending
Target Market
- Assets which can benefit from bridge loans in order to maximise value prior to exiting into permanent facilities or sale
- First mortgage and subordinated loans provide value add capital to transitional assets
- Properties in major U.S. urban centres with high-quality sponsors
- Loan sizes: US$20 million to US$200 million
- Term: 12 – 36 months
Background
Private debt space sees tremendous growth.
Small and mid-size borrowers seek alternative financing solutions.
Growth of independent private lenders in a fragmented market.
C.R.E
The main classes of commercial real estate include: multi-family rental, for–sale residential (condos), industrial, office and healthcare facilities.
Commercial real estate provides rental income as well as the potential for capital appreciation.
Confidas Lenders
Co-invest minimum of 10% of each loan originated (“skin in the game”). Loan portfolios greater than US$ 300 million.
Seasoned management and underwriting teams. 20+ years’ experience in CRE loan structuring. Navigated economic cycles.
Well positioned to identify risks and generate strong returns for investors.
Potential For Attractive Returns with Excellent Collateral
Borrowers
Loans
Income
Potential for favourable taxation treatment for non-US investors.
Confidas' unique added value is deep market knowledge and lender selection
…which combined with the strength of our relationships, allows us to source unique opportunities and develop attractive products for our investors
Confidas Process
Selection of Lenders
- Proven local knowledge & business acumen
- Distinguished track record including during stressed markets and in distressesd situations
Ability to co-invest / “skin in the game”
- Strong legal, market, investor references and crosschecks
- Internal loan servicing
Product Development
- Loan seniority
- Asset
- Geography
- Guarantees
- Duration
- Loan payoff-exit
Monitoring & Exit
Confidas closely monitors each transaction until exit, establishing clear communication channels with investors.
Confidas closely monitors each transaction until exit, establishing clear communication channels with investors.
U.S. Real Estate - Selected Transactions
Chesapeake, VA & Taylor, MI
Bridge-to-Agency refinancing of
2 Senior Living Facilities
Senior B Loan
Total loan size: $42mn
Confidas co-investment: $5mn
Loan to Value (“LTV”): 61%
Term: 36 months with extension options
December 2025
Miami, FL
Condominium Development
Senior B Loan
Total loan size: $25mn
Confidas co-investment: $6mn
Loan to Value (“LTV”): 68%
Term: 12 months
August 2025
Queens, N.Y.
Multifamily Bridge-to-Agency
Senior B Loan
Total loan size: $14mn
Confidas co-investment: $3mn
Loan to Value (“LTV”): 57%
Term: 24 months with extension options
May 2025
Brooklyn, N.Y.
Multifamily Conversion and Condo Construction
Senior B Loan
Total loan size: $125.0mn
Confidas co-investment: $3.2mn
Loan to Value (“LTV”): 60%
Term: 24 months with extension options
March 2025
Phoenix, AZ
Multifamily Development
Mezzanine Loan
Total loan size: $33mn
Confidas co-investment: $6.3mn
Loan to Value (“LTV”): 75%}
Term: 30 months with extension options
March 2025
Los Angeles, CA & Brooklyn, N.Y.
Existing Condo, Hotel and Multifamily
Senior & Mezzanine Loans
Total loan size: $344.5mn
Confidas co-investment: $16.2mn
Loan to Value (“LTV”): 52%
Term: 18 months
December 2024
Miami, FL
Development of Residential Condominium
Total loan size: US$7.0mn
Confidas co-investment: US$7.0mn
Loan To Cost (“LTC”): 42%
Term: 18 months with extension options
December 2024
Brooklyn, N.Y.
Construction Completion Loan
Senior Loan
Total loan size: US$27.0mn
Confidas co-investment: US$2.2mn
Loan To Value (“LTV”): 67%
Term: 12 months
December 2024
Boston, MA
Construction Loan
Mezzanine
Total loan size: US$15.0mn
Confidas co-investment: US$2.0mn
Loan To Value (“LTV”): 54%
Term: 30 months with extension options
October 2024
Los Angeles, CA
Refinancing and Completion of a Multifamily Development
Total loan size: US$25.3mn
Confidas Co-investment: US$1.5mn
Loan To Value (“LTV”): 69%
Term: 15 months with extension option
April 2024
Midtown Manhattan, N.Y.
Condo Inventory Refinancing
Total loan size: US$45.0mn
Confidas co-investment: US$6.4mn
Loan To Value (“LTV”): 59%
Term: 20 months
April 2022
Stone Mountain, GA
Multifamily
Bridge-to-HUD Refinancing
Total loan size: US$32.0mn
Confidas co-investment: US$2.6mn
Loan To Value (“LTV”): 71%
Term: 18 months
November 2021
Delray Beach, FL
Hotel Construction Refinancing
First Mortgage Loan
Total loan size: US$85.8mn
Confidas co-investment: US$3.0mn
Loan To Value (“LTV”): 67%
Term: 23 months with extension options
August 2021
Conover Street Brooklyn, N.Y.
Residential Condominium
Senior B Note Construction Loan
Total loan size: US$19.3mn
Confidas co-investment: US$3.0mn
Loan To Value (“LTV”): 66%
Term: 17 months with extension options
July 2021
Centre Avenue Pittsburgh, PA
Mixed-Use Multifamily and Retail
Construction and Stabilisation
First Mortgage Loan
Total loan size: US$33.3mn
Confidas co-investment: US$3.0mn
Loan To Value (“LTV”): 63.7%
Term: 16 months with extension options
June 2021
Brooklyn, N.Y.
Multifamily Rental Development
Co-Investment with Project Developer
Total Equity: US$25.1mn
Confidas co-investment: US$18.2mn
Construction completed: 1Q 2023
April 2021
Biscayne Blvd
Miami, FL
Condo Inventory
Senior B Note + Mezzanine Loan
Total loan size: US$36.0mn
Confidas co-investment: US$3.5mn
Loan To Value (“LTV”): 60%
Term: 12 months with extension options
March 2021
Shore Road, Gleenwood Landing, N.Y.
Residential Condominiums
Construction and Sell-Out
First Mortgage Loan
Total loan size: US$59.6mn
Confidas co-investment: US$3.0mn
Loan To Value (“LTV”): 66.7%
Term: 11 months with extension option
December 2020
Second Avenue
New York, N.Y.
Mixed-use for Sale
Ground-up Development
Senior B Note Loan
Total loan size: US$10.0mn
Confidas co-investment: US$6.0mn
Loan To Value (“LTV”): 66.5%
Term: 36 months with extension option
November 2019
28th Street
New York, N.Y.
Mixed-Use Residential Condominium Construction and Sell-Out Financing First Mortgage Loan
Total loan size: US$22.5mn
Confidas co-investment: US$5.0mn
Loan To Value (“LTV”): 68.4%
Term: 24 months with extension option
January 2019
Fifth Avenue
New York, N.Y
Mid-Construction Hotel
Senior B Note Loan
Total loan size: US$25.0mn
Confidas co-investment: US$2.0mn
Loan To Value (“LTV”): 54%
Term: 24 months with extension option
November 2018
West End Avenue New York, N.Y.
Multifamily (rental)
Condo Conversion
Mezzanine Loan
Total loan size: US$55.0mn
Confidas co-investment: US$4.5mn
Loan To Value (“LTV”): 65%
Term: 36 months with extension option
September 2018
Calvert Rd.
Harrison, N.Y.
Luxury Multifamily Rental
Construction and Stabilisation
First Mortgage Loan
Total loan size: US$20.0mn
Confidas co-investment: US$5.0mn
Loan To Value (“LTV”): 60.6%
Term: 30 months with extension option
September 2018
Livingston Street Brooklyn, N.Y.
Hotel Construction and Stabilisation First Mortgage Loan
Total loan size: US$29.0mn
Confidas co-investment: US$5.5mn
Loan To Value (“LTV”): 54.7%
Term: 24 months with extension option
September 2018
Senior Housing Portfolio Northeast & Midwest U.S.
11 Properties in Development, Construction and Lease-up
Collateralized Bridge Loan
Total loan size: US$8.0mn
Confidas co-investment: US$8.0mn
Term: 24 months with extension option
May 2018
Malibu, CA
Mixed-use Development
Repayment of Existing Debt & Funding of Predevelopment Costs
First Mortgage Loan
Total loan size: US$38.3mn
Confidas co-investment: US$2.0mn
Loan To Value (“LTV”): 60%
Term: 33 months
May 2018
West 81st Street
New York, N.Y.
Condo Ground-up Development
Senior B Note Loan
Total loan size: US$7.0mn
Confidas co-investment: US$2.8mn
Loan To Value (“LTV”): 59%
Term: 30 months with extension option
April 2018
West Village
New York, N.Y.
Townhouse and Condo Development Mezzanine Loan
Total loan size: US$15.5mn
Confidas co-investment: US$11.3mn
Loan To Value (“LTV”): 61%
Term: 24 months with extension option