OVERVIEW
IGCP provides financing solutions for borrowers and delivers predictable cash flows for investor clients by getting credit right. Our direct origination channels allow capital partners and borrowers to capitalize on the dynamic CRE credit markets. Existing capital partnerships include global fixed income, private equity, pension funds, GSEs, specialty finance companies, banks, and life companies.
Eligible transactions include commercial mortgages, subordinate debt and JV equity. IGCP originates, underwrites, structures, closes, fund and services loans via syndicated balance sheet offerings, life company partners, Agency, preferred equity separate accounts, CMBS, mezzanine loans, single-borrower private REMIC vehicles.
LOAN PRODUCT OFFERINGS
- All Major Property Types
- Senior Debt, Subordinate Debt, Preferred and Joint Venture Equity
- Minimum Senior Loan Size: $15,000,000
- Minimum Subordinate Debt Size: $5,000,000
- Minimum Term: 2+ years
- LTV: Up to 90%
- Minimum Debt Yield: 5% (interest reserve may be required)
- Coupons: Market
- Loan Structure: Fixed and Floating Rate
- Amortization: Interest Only
- Minimum Origination Fee: 100 bps
- Borrower Recourse: Non-Recourse Subject to Standard Carveouts
IGCP Platform Model
We can provide credit enhancement for our capital partners and clients by retaining subordinate debt positions.
IGCP: MORTGAGE BANKING
Originations
- Primary relationship management with borrowers, key intermediaries, and correspondents
- Broad market coverage with enduring relationships in NY, SF, LA, Miami, etc.
- Preliminary loan analysis
- Application process
- Pricing Committee
Credit & Underwriting
- Manage underwriting, ASR, & approval processes
- Detailed market and location analysis
- Asset valuation
- Operating history review and cash flow projections
- Sponsor and management analysis
- Property condition / environmental review
- Credit Committee
Capital Markets
- Manage capital partnerships including Agency, CMBS, and HUD
- Loan syndication, sales, and CMBS
- Market feedback
- Loan pricing
- Risk management
- Hedging
- Warehouse facility
- Rating Agencies
- High Yield Credit Investors
Transaction Management
- Manage closing process
- All loan documents
- Syndication/Securitization/REMIC documents
- Intercreditor/co-lender agreements
- Coordinate with legal and external counsel
- Coordinate with servicing and asset management
- Title, zoning, and insurance compliance
Servicing
- Coordinate with Transaction Management and Legal for onboarding
- Reporting and Surveillance
- Special Servicing
- Construction Management