News

November 15, 2015

JCR Capital Closes Four Bridge Loans Totaling $30.15 Million

DENVER – JCR Capital (JCR), a Denver-based real estate finance company specializing in middle market properties, announced it recently closed on four bridge loan transactions, totaling $30.15 million.  The transactions include:

  • $12 million for the recapitalization of two mixed-use buildings in Santa Monica, California. The borrower plans to redevelop the properties into a 271-room boutique, lifestyle hotel and ancillary facilities.
  • $8.5 million for the acquisition of a 96,862-square-foot retail property located in Littleton, Colorado.
  • $5 million for the acquisition of Aquia Towne Center, a 34,720-square-foot shopping center on a 27.1-acre site in Stafford, Virginia. The loan is a bridge-to-construction and will allow the borrower to complete the necessary pre-construction work to develop the unused portion of the property.
  • $4.65 million for the acquisition of a portfolio of three Colorado retail properties.

JCR, founded in 2006 and initially focused on distressed transactions, has transitioned to a “full cycle” finance company providing capital solutions with bridge loans, preferred equity, mezzanine loans and joint venture equity for value added, distressed, and opportunistic transactions to middle market sponsors.  Defined as assets valued under $50 million, the middle market makes up the majority of assets by number in the U.S.; however, according to JCR CEO Jay Rollins, these deals are generally too small for institutional investors and too large for individual or partnership investors.

The loans are part of JCR’s new bridge loan program that was created in May 2014 to help JCR take advantage of the void in serving the middle market. The platform is under the direction of Rob Brown, formerly with Deutsche Bank in New York, and has originated over $133 million of loans to date.

JCR is managed by Jay Rollins and Maren Steinberg. Since 1992, throughout a variety of real estate cycles, this team has successfully invested approximately $2.0 billion in over 300 middle market commercial real estate transactions.

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This communication is for informational purposes only and intended for our non-advisory loan origination and servicing clients only.  As such, nothing herein is an offer or solicitation for the purchase or sale of any security, may not be relied upon in connection therewith, and is qualified in its entirety by any related Private Placement Memorandum and Partnership Agreement.  An investment in a private real estate fund involves a substantial degree of risk and investors could lose some or all of their investment.  SEC registration does not imply any particular level of skill. Any market data is third-party information and uncorroborated. Loan terms are subject to change.