Investment Criteria
CJUF focuses on providing both equity and debt capital to investments that meet the following criteria:
PROPERTY TYPES
- Retail, office, residential (rental, student housing, condominium), mixed-use, industrial, hospitality and commercial
LOCATIONS
- Urban centers, typically characterized by density (>250,000 people within 5-mile radius) and ethnic diversity
ZONING
- Prefer zoning and entitlements in place
TRANSACTION TYPE
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EQUITY
- Investment Size: $15 million to $200 million of Canyon equity
- Partner Co-Invest: Meaningful cash contribution
- Maximum Bank Leverage: 75%
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MEZZANINE*
- Loan Size: $15 to $200 million
- Maturity: Up to 5 years
- Security: 100% pledge of ownership and/or 2nd lien
- LTC: Up to 80%
- Equity Participation: Negotiable
- Uses: Acquisitions, Pre-Development, Construction, Recapitalization, Refinancing, Liquidity Management, Asset/Liability Management
*also may be structured as preferred equity
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SENIOR SECURED AND CONSTRUCTION LOANS
- Loan Size: $15 to $200 million
- Maturity: Up to 5 years
- Amortization: Typically not required
- Security: 1st Mortgage Lien
- LTC: Up to 70%
- Equity Participation: Negotiable
- Property Types: All
- Uses: Acquisitions, Pre-Development, Construction, Recapitalization, Refinancing, DIP Financing, Liquidity Management, Asset/Liability Management
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NOTE PURCHASES
- Loan Size: $15 to $200 million
- Status: Performing, non-performing, or defaulted
- Seller: Banks, Funds, REITs, Servicers, Insurance Cos, etc
- Uses: Liquidity Management, Asset/Liability Management, Rating Agency Requirements, REMIC Regulations
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EQUITY
