Capable of providing forward funding commitments to developers for the development of multi-project pipelines.
Joint venture equity – target an 18% to 24% IRR, depending on project and sponsor characteristics.
Mezzanine/preferred equity – target a 12% to 15% IRR, depending on project and sponsor characteristics.
Up to 36 months with an exit contemplated through the sale or refinancing of the project.
Beyond 36 months, on a selective basis, for multifamily properties.
Joint venture equity – funding up to 100% of total required equity.
Mezzanine/preferred equity – funding up to 85% loan-to-cost.
Up to $6,000,000 per project.
Up to $12,000,000 per operating partner.
Retail – single-tenant properties and convenience-oriented shopping centers, predominantly (pre)leased to creditworthy, recognizable tenants.
Multifamily – garden-style, low/mid-rise, townhomes.
Continental United States
Retail and Multifamily property investment up to $6M per project
VestaPoint provides established developers and property operators with the capital resources necessary to facilitate ground-up development as well as the acquisition and repositioning/improvement of existing properties.