SPECIAL SITUATIONS & DISTRESSED
The PSF investment platform has flexible, through the cycle capital and an investment team with deep credit and real estate investment experience. Due to the uncertainty created by the COVID-19 pandemic, we are reallocating a portion of our resources to focus on the upcoming wave of distress in commercial real estate. Our special situations capital is focused on four main areas:
• Rescue Financings
• Bridge Loans
• Distressed Loan Acquisitions
• Distressed Asset Purchases
RECENT TRANSACTIONS
PARAMOUNT SPECIALTY FINANCE BUYS $35 MILLION STNL CONSTRUCTION LOAN PORTFOLIO
Austin, TX May 2020
Paramount Specialty Finance (“PSF” or “The Company”) closed on the purchase of a ~$35 million portfolio of 8 single tenant net lease (“STNL”) construction loans. The loan portfolio included loans from 5 different borrowers across 5 states, with projects in various stages of development. The build to suit corporate tenants in tow for the projects include: 7-Eleven, DaVita, WaWa, and Caliber Collision.
The successful portfolio purchase was effectuated through multiple entities managed by PSF, including Paramount Development Finance Partners (“PDFP”), The Company’s joint venture investment vehicle with Guggenheim Investment Partners, formed in 2018.
“While we are primarily known as the market leader for our build to suit lending business, this transaction is a great example of how our STNL focused investment platform can go after any opportunities in the space” said Joel Waxman Managing Partner and co-founder of PSF.
Brian Barrow, co-founder and Managing Partner of PSF added, “Despite the new reality we are all in, PSF will continue to originate new build to suit and stretch senior loans and be a solutions provider in the net lease space through loan purchases, STNL acquisitions, and providing rescue financings.”