DelShah forms real estate financing arm

TRD 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

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