Debt Finance Options for Real Estate Funds: Subscription, NAV, and Hybrid Facilities; Partner Lines of Credit
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE course will examine debt financing options available to real estate investment funds, common structures and terms for these fund financing products, and the advantages and disadvantages of each. The panel will also discuss the relationship of fund finance to mortgage debt at the property level.
Outline
- Market Overview: real estate funds and opportunistic investing
- Common fund financing products and structures and terms, including:
- Subscription credit facilities
- Management fee lines of credit
- Partner lines of credit
- NAV credit facilities
- Hybrid credit facilities
- Considerations: including the interaction between mortgages and fund financing
Benefits
The panel will review these and other relevant issues:
- What are some of the fund financing options available to real estate investment funds, and how do they interact with property-level (mortgage) debt?
- How are fund financings structured and what are some of the benefits to real estate investment funds that utilize fund financing?
Faculty
Max W. Fargotstein
Attorney
Duane Morris
Mr. Fargotstein represents both lenders and borrowers in a wide variety of debt financing transactions including... | Read More
Mr. Fargotstein represents both lenders and borrowers in a wide variety of debt financing transactions including secured financings, cash flow financings, acquisition financings, asset-based financings and other commercial lending transactions. In addition to a traditional commercial lending practice, he has experience with specialty finance transactions such as equipment leasing, transportation asset financings (secured by aircraft, vessels and/or railcars), insurance premium financings and real estate financings. Mr. Fargotstein’s practice includes the representation of private and public businesses, corporate borrowers, financial institutions, commercial banks, non-bank lenders, private equity funds, leasing companies and other participants in the financial services industry.
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Anastasia N. Kaup
Partner
Duane Morris
Ms. Kaup has represented asset managers, investment funds, sponsors, financial institutions, corporate clients and... | Read More
Ms. Kaup has represented asset managers, investment funds, sponsors, financial institutions, corporate clients and other parties in financing transactions across the private equity, private credit, real estate, hedge fund, venture capital, and distressed lending spaces. She structures, negotiates, and documents complex financing transactions domestically and internationally at all levels of the organizational structure, with specific focuses on fund finance, sponsor finance, financing in distressed situations, and financing for corporate borrowers.
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