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Target Rock Partners
Advisory and Equity Raise
Target Rock Partners' equity placement success has been driven by our access to lower-cost capital sources that are seeking passive partnerships with successful operators. These range from private investors to large institutional funds. Our knowledge of the investment criteria of our equity sources allows us to identify the appropriate capital source and enables the acquisition, construction project or recapitalization to close quickly. We have had great success in closing with single source capital providers that can offer the entire capital stack of first mortgage, mezzanine, preferred equity or joint venture equity. The following is a list of representative transactions and assignments.
$46,025,000
Texas Hotel Portfolio
470 Rooms
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Acquisition Financing
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1st Mortgage Bridge
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Preferred Equity
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86% LTC
$32,375,000
Southeast Grocery Portfolio - 293,300 SF
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Recapitalization
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1st Mortgage/Mezzanine
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Participating Equity
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93% LTC
$18,000,000
Illinois Grocery Center
200,000 SF
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DPO Advisory/Recap
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$18M Note Sale
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$15.5M Bridge Loan
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$2.5M Equity
$30,550,000
Southeast Grocery
Portfolio - 310,000 SF
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Recapitalization
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1st Mortgage/Mezzanine
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Participating Equity
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97% LTC
$27,500,000
Michigan Power Center
75,000 SF
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DPO Advisory
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Note Sale Advisory
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Equity Raise
$5,200,000
Texas Hotel Property
61 Rooms
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Acquisition Financing
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Bridge Loan
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Preferred Equity
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86% LTC
$7,300,000
Oregon Multifamily
156 Units
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Recapitalization
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Family Office
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JV/Preferred Equity
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85% of Equity
$8,700,000
Utah Multifamily
253 Units
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Recapitalization
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Family Office
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JV/Preferred Equity
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85% of Equity
$5,700,000
Florida Multifamily
228 Units
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Acquisition Finance
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Preferred Equity
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88% LTC
-
7 yr term
$7,250,000
Florida Multifamily
276 Units
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Acquisition Finance
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Preferred Equity
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86% LTC
-
10 yr term
$5,600,000
South Carolina Retail
58,000 SF
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Acquisition Finance
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Bridge Loan / Participating Equity
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90% LTC