Term loan facility used to fund a private lender’s provision of covered land loans to developers and sponsors in the northeast United States
NEW YORK, July 18, 2022 /PRNewswire/ — Crayhill Capital Managementa New Yorka minority-owned private credit manager focused on asset-based investing, today announced the closing of a $100 million credit facility with Fort Amsterdam Capital, a New Yorkvertically integrated real estate lender. The facility will be secured by land and commercial real estate properties in the northeast corridor.
Fort Amsterdam Capital has deployed over $200 million in debt investments in more than 40 transactions since its launch in 2015. The firm focuses on high-yield bridge loans secured by multifamily, mixed-use, hotel and other property types in major MSAs across United Stateswith a focus on the North East region.
The two-year facility will primarily support the issuance of covered land loans ranging in size from $10-50 millions.
Sloan SuttaManaging Director and Head of Structured Real Estate at Crayhill, said: “We have incredible respect for David and the team at Fort Amsterdam and are delighted to provide them with this credit facility to enable the continued development of their business. This type of bespoke and flexible contract facilitated for a growing sponsor with a differentiated investment approach is exactly the type of situation where we are best placed to be a value-added partner for a borrower. continued success of Fort Amsterdam.
“We are delighted to work with such a collaborative and caring financial partner at Crayhill,” commented David Schwartz, managing partner of Fort Amsterdam Capital. “Our two companies have similar fundamental approaches to investing in mortgages and both see an attractive market opportunity in the current rising rate environment. We look forward to using this capital to grow our business and accelerate our growth.”
About Crayhill Capital Management
Crayhill Capital Management is a New Yorkminority-owned alternative asset management company specializing in asset-based investment opportunities. The company was launched in August 2015 and is registered with the US SEC as an investment adviser. Crayhill strives to provide capital solutions through tailored financing structures. Its asset-based investment strategies draw on deep industry expertise and relationships across the structured finance and specialty finance markets. For more information, please visit https://crayhill.com or email [email protected].
About Fort Amsterdam Capital
Fort Amsterdam Capital is a seasoned real estate debt platform that issues short-term, high-yield bridge loans ranging from $5 – $100 million in top MSAs across United States with a focus on the northeast corridor.
Crayhill Media Contacts:
Josh Clarkson / Archana Kannan / Ethan Thomas
SOURCECrayhill Capital Management