01.10.08 - Westmount Realty Capital Introduces Westmount Structured Finance
Westmount Realty Capital, LLC, the Dallas-based value-added commercial
real estate investor, has formed an affiliate, Westmount Structured
Finance. Over the past 15 years, Westmount has built a diverse
portfolio including industrial properties, retail centers, office
buildings, multifamily communities and historic buildings in several
cities, primarily in the southern United States.
Westmount Structured Finance will offer a variety of financing options
to investors in commercial property. Included will be bridge loans,
mezzanine financing, note purchases and preferred equity. Westmount
Structured Finance will also be seeking to acquire B pieces of senior
loans.
"Having been investors and developers of commercial properties
for more than 25 years, we understand the importance of having the
right kind of financial partner," said Cliff Booth, Westmount's
president. "We believe that current illiquidity in the debt markets has
created an opportunity to provide financing that requires a high level
of creativity. As sponsors who have executed complicated business plans
in tough environments, we feel that we are uniquely qualified to help
investors who have good deals that require a little more homework to
understand."
"With senior lenders no longer willing to go as high on the capital
stack, we believe there is an attractive opportunity to provide
financing from a subordinated position to seasoned real estate
investors. We are actively looking to originate bridge, mezzanine, and
preferred equity investments in office, retail, multifamily, industrial
assets and land throughout the country," Mr. Booth added.
"Disruptions in the capital markets have created an opportunity to earn
superior risk adjusted returns for those willing to lend in this
environment. There are good deals in every market, and we perceive an
opportunity in structured finance to provide creative solutions for
investors who recognize and understand those deals."
"We are striving to build the most comprehensive real estate platform
in the country and we believe that the formation of Westmount
Structured Finance will allow us to expand our reach as a firm by
providing financing for investors who are struggling to find creative
solutions in the current capital markets," Mr. Booth concluded.
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