New york life investments buys lake forest illinois industrial properties

Throughout its decades’ long history, New York Life Real Estate Investors has been a dynamic player in the U.S. commercial real estate market and has since become a market leader in providing tailored debt solutions across the capital stack. Generally, our team has a $6 billion annual origination target in commercial mortgage loans, including bridge and construction loans, and continues to deliver innovative and competitive financing solutions to meet each borrower’s unique needs.

Our “full-service shop” structure means that we have deep resources to originate and manage our debt investments.

Regional Offices
Real estate investing is a local business. The origination professionals in our five regional field offices use their local market expertise to better structure solutions that work best for your needs.

Loan Management
Our loan asset managers value our lending relationships and provide personal attention on all requests and proactive risk management to ensure optimal investment results. We strive to continually enhance our client experience, as evidenced by the development of our interactive Borrower Manager system.

Portfolio Management
Our portfolio managers combine top-down, research-based strategies with bottom-up market knowledge to construct and manage diversified portfolios
that seeks to reduce risk, provide stability, and generate income.

Support Services
Our team of in-house engineers, architects, construction and sustainability specialists, and appraisers provides additional support throughout the investment process. Additionally, our dedicated market research team provides valuable macro and micro level market insights and updates on changing market conditions, providing our team with well-informed investment decisions.

A platform to enhance loan servicing in addition to the personalized assistance already provided by dedicated Asset Managers, Accountants, and Loan Officers. This portal empowers you with faster and easier access to your transactional information online. Loan information and related documents are now just a click away over a secure channel, and user management can be extended to your authorized representatives.

For access to Borrower Manager, please email us with your loan number and contact information at Borrower_Manager@nylinvestors.com.

Core/Stabilized Lending Guidelines

Property Types

• Office, Multi-family, Industrial, Retail
• Specialty: Medical Office, Self-Storage, Cold Storage, Life Sciences, Hotels, Mobile Home Parks
  

• Fixed and floating rates at competitive, market-based spreads over Treasuries or SOFR
• Rate or spread as applicable locked upon receipt of an executed application with appropriate deposits
  

• Fixed Rate: 3-30 years
• Floating Rate: up to 7 years
• Fixed and Floating Rate combination: up to 7 years
• Bridge/Construction to Permanent: 7 to 30 years

• Typically, $25 million to $300 million for single assets, higher for portfolio transactions
• Will coordinate and structure co-investment arrangements for loans with higher proceeds

Co-Lending on Senior Debt

• Arrange club loans
• Participate with a lead lender

Portfolio Financing

• Financing available of $200 million or higher with participants
• Fixed rate loans with a floating rate component allow for partial releases and prepayment flexibility
  

• Loan to Value: Up to 80% for mortgages, higher for credit transactions
• Debt Coverage Ratio: Minimum of 1.30X or greater once stabilized
• Non-recourse except for standard carve outs

Typical Timing & Deposits

• Transactions approved for commitment and rate lock in a quick and efficient manner
• Typically, approximately 2% refundable deposit required to lock rate
• Typical commitment to closing: 30 to 60 days
• Forward financing options available
  

Consultant Reports

• Appraisal
• Property Condition
• Environmental
• Seismic, as applicable
• Resilience

• Fixed and floating rate bridge, construction, and mezzanine loans