Montreal, PQ (PRWEB) July 2, 2009
Dalfen America Corp. (DAC), a leading property owner and operator throughout the United States and Canada, is looking to lend up to $250 million over the next 12 months to assist refinancing existing debt, new asset acquisitions where first mortgage financing falls short, partnership buyouts and tenant/capital improvement equity contributions on commercial real estate assets.
"We have already observed a huge capital demand for refinancing and anticipate a sustained need for funding as over $1 trillion in commercial real estate loans mature between now and the end of 2012," said Sean Dalfen, DAC Managing Director. "Our program bridges the gap between first mortgage lenders offering lower loan-to-value (LTV) ratios and property owners needing additional equity. In part, we are filling the void left by the conduits," Dalfen said.
Dalfen will draw upon its extensive operating history to better underwrite investment opportunities. The company will contribute capital to allow borrowers to obtain leverage of up to 75% LTV ratios on select office, retail and industrial assets in its core coverage markets. Individual investments are expected to range in size from around $2 million to over $50 million.
This will be the organization's fifteenth investment fund. Originations will be sourced through the company's head office in Montreal along with regional offices in Dallas, Tampa and Charlotte. Bankers or property owners looking for more details on the program can visit the company website, http://www.dalfen.ca, for additional information.
Dalfen America Corp. entered the commercial real estate business in 1992. Today, the company has a large portfolio of Class A commercial properties that stretches from two Canadian provinces to the American south. The portfolio includes a mix of office, industrial and warehouse flex, retail and self-storage properties.