ACQUSITION OF REAL ESTATE LOANS OR REAL-ESTATE-OWNED ASSETS FROM COMMERCIAL BANKS
PNT will transact directly with banks, lenders and other financial institutions to acquire real estate loans or real-estate-owned (“REO”) assets. PNT will consider individual loans and REO assets or entire portfolios (See acquisition criteria below).
Such institutions look to PNT for fair pricing, reliable execution and assured confidentiality. PNT respects the importance of discretion. Via the financial and human resources of its parent company, CMS Companies, PNT can close on loans or REO assets with all cash with no contingencies needed. This certainty of execution (subject to normal due diligence) makes PNT an ideal candidate for lenders that value liquidity in the very illiquid marketplace of commercial real estate.
PNT welcomes lenders to contact PNT at (303) 333-2324 or to email property marketing materials to deals@pntcapital.com.
PNT LOAN AND REO ACQUISITION CRITERIA
Transaction Size Criteria: Preferred total transaction size (including equity and debt capitalization) would range from $5 million to $50 million. In certain cases, smaller transactions with high total returns will be considered.
REO Asset Class or Underlying Loan Collateral Criteria: PNT will contemplate almost any type of real estate loan or REO. However, PNT prefer the following real estate collateral:
- Fully-constructed commercial real estate assets (e.g., office buildings, retail strip centers)
- Fully-constructed multifamily-for-rent (e.g., apartments)
- Fully-constructed multifamily-for-sale (e.g., condominiums and fee-simple townhomes)
- Fully-constructed hospitality assets
- Fully developed/“Finished” (i.e., Building Permit/Certificate-of-Occupancy ready) lots for residential homes
REO or loans secured by fully-constructed single family homes, partially constructed assets or undeveloped land will be considered on a selective basis. Un-entitled land will not be considered.
Geographic Criteria: Loan and REO acquisition opportunities must be located within a top 50 metropolitan statistical area in the United States or in the Canadian cities of Vancouver, Calgary or Toronto. No other geographic markets will be considered unless there is strong demographic or economic data to support investment in that region.