Investment Criteria
CJUF focuses on providing both mezzanine debt and equity capital to investments that meet the following criteria:
| Property Types: |
| Emphasis on value-added acquisitions and development of retail, residential (rental, student housing, condominium) and mixed-use projects; will consider industrial, hospitality and commercial |
| Demographics: |
| More than 250,000 people within a 5-mile radius; minimum 40% minority population |
| Zoning: |
| Prefer zoning and entitlements in place |
| Equity: |
| Deal Size: |
Focus on transactions that will require between $10 - $100 million of CJUF equity (Total capitalization between $50 - $750 million) |
| Partner Co- Invest: |
Minimum 15% of total equity is required |
| Leverage: |
Maximum 75 - 80% |
|
| Mezzanine: |
| Deal Size: |
$10-$60 million of CJUF mezzanine debt |
| Borrower Equity: |
10% of total Project Cost |
| Leverage: |
Maximum 90% |
|
