Lancewood Capital expands lending platform’s national presence in 2021

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Lancewood Capital, a New York-based commercial real estate lender,
continues to be a reliable source of capital for real estate investors seeking
short-term bridge loans and private lenders seeking senior note financing or
credit facilities.

Lancewood was founded seven years ago by a New York-based family office to invest in real estate debt. Justin Godner and Matt Schatzle, who have been instrumental in driving Lancewood’s originations, attribute the firm’s success and growth to its unique family office capitalization structure and the strength of Lancewood’s team who work tirelessly to provide the best execution for borrowers.  

When asked about the platform, Justin Godner spoke about Lancewood’s family office capitalization structure, which allows for near-bank pricing, structural creativity and custom-tailored financing for their borrowers which he believes is the firm’s competitive advantage.

When asked about the marketplace, Matt Schatzle noted the liquidity in the in the debt market and the options available to today’s borrowers, which he said makes it very important to consistently execute for borrowers in order to win repeat business.

Stephen Zaro, who recently started at the firm, noted that Lancewood’s ability to provide near-bank pricing allows for the firm to win a lot of business.

While Lancewood continues its growth in the New York metro area – with over $100 million of capital deployed in the area in 2020 – the company also seeks to expand in other primary markets, particularly Atlanta, Florida, California and Texas, according to Tino Martins, Lancewood’s Director of Commercial Mortgages.

The company has been increasingly active in Florida and California, where Matt Schatzle and Stephen Zaro have originated bridge loans and Justin Godner set up two $50 million senior credit facilities with $19.2 million funded to date for FL and CA based real estate lenders.

Below are some of the platform’s recent closings: 

$6,450,000 bridge loan to finance the completion of a construction project in the Tribeca neighborhood of New York, NY. Lancewood Capital was able to provide capital to complete the project at a near-bank rate. This transaction was structured by Matt Schatzle of Lancewood.

$50,000,000 senior credit facility with initial advances of $7,500,000 and $3,300,000 for a Florida-based real estate lender. The underlying properties are located in Miami, FL. This transaction was structured by Justin Godner of Lancewood.

$16,020,000 senior note financing for a $20,000,000 underlying loan secured by a mixed-use building in New York, NY. This transaction was structured by Justin Godner of Lancewood.

$3,800,000 bridge loan to finance a mixed-use property in the Ybor City neighborhood of Tampa, FL. This transaction was structured by Stephen Zaro of Lancewood.

$2,850,000 bridge loan to finance three buildings located in the Midtown East neighborhood of New York, NY. This transaction was structured by Matt Schatzle of Lancewood.

$50,000,000 senior credit facility with an initial advance of $1,720,000 for a Seattle-based real estate lender. The underlying industrial property is located in Los Angeles, California. This transaction was structured by Justin Godner of Lancewood.

$6,500,000 senior note financing for a $12,000,000 underlying loan secured by a single-family residence in Miami, FL. The underlying lender is Florida-based. This transaction was structured by Justin Godner of Lancewood.

$3,410,000 bridge loan to finance a 31-unit multifamily building in Fordham Heights neighborhood of New York. This transaction was structured by Matt Schatzle of Lancewood.

$12,000,000 senior note financing for a $20,000,000 underlying loan for the completion of a ground-up development in the SoHo neighborhood of New York, NY. This transaction was structured by Justin Godner of Lancewood.

$1,400,000 bridge loan to finance a 26,000sf owner occupied industrial building in Boynton Beach, FL. The borrower needed a quick closing to pursue a time-sensitive acquisition opportunity. This transaction was structured by Matt Schatzle of Lancewood.

$7,360,000 senior note financing to finance a newly-constructed condominium building in New York, NY. The units were recently brought to market and the developer needed a condo inventory loan. This transaction was structured by Justin Godner of Lancewood.

$50,000,000 senior credit facility with an initial loan advance of $7,800,000 for a New York-based real estate lender. The underlying property is located in Brooklyn, NY. This transaction was structured by Justin Godner of Lancewood.

$3,000,000 bridge loan secured by an eight-unit condo building in the Bushwick neighborhood of Brooklyn, NY and four mixed-use buildings in the downtown area of White Plains, NY. This transaction was structured by Matt Schatzle of Lancewood.

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