DelShah forms real estate financing arm

New York /
May.May 14, 2013 10:00 AM

Michael Shah’s DelShah Capital has formed a real estate financing arm to originate hard money, bridge and mezzanine loans, according to the company’s press release.

“Over the past few years, it has been difficult for many lenders to understand the complexities of special situations, price litigation risk, and multi-party deals with many possible outcomes,” Shah said.

“As a consequence, if they lend at all, it will be at very low loan to cost structures. With DelShah Lending, we provide an opportunity to bridge that gap in the current marketplace.”

DelShah Lending will offer capital between the 60 percent loan to value that bridge loans are currently available at in the market, and the 85 percent most buyers are seeking, according to the release.

Shah, who was recently interviewed  by The Real Deal, has been actively trading distressed properties in the market, including two retail condominiums at the Morgan Lofts development in Murray Hill, as The Real Deal reported.  –Hiten Samtani


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)
Hudson Yards megadevelopment inspires a new line of sex toys
Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)
Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Thor Equities Group Chairman Joseph J. Sitt. (Thor)
Thor facing foreclosure on Harlem rental building
Thor facing foreclosure on Harlem rental building
Ryan Serhant and Jolie on Greenwich. (Jolie, Getty)
Serhant goes to the dogs for 77 Greenwich rebranding
Serhant goes to the dogs for 77 Greenwich rebranding
Steve Cohen and One Beacon Court at 151 East 58th Street (Corcoran, Getty)
Manhattan luxury market sees best week since 2013
Manhattan luxury market sees best week since 2013
2 Bank Street (Google Maps, iStock)
Pizzeria featured in “Eat Pray Love” signs lease in Greenwich Village
Pizzeria featured in “Eat Pray Love” signs lease in Greenwich Village
Solow Building Company chairman Stefan Soloviev, CEO Michael J. Hershman and vice chairman Hayden Soloviev (Solow Residential, Fairfax, LinkedIn)
Stefan Soloviev, Sheldon Solow’s son, reorganizes family firm
Stefan Soloviev, Sheldon Solow’s son, reorganizes family firm
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...