From the June issue: DelShah Capital, a leading buyer of distressed properties in New York City, has formed DelShah Lending, the company announced last month.
The new lending arm will provide mezzanine and bridge loans up to $50 million at an interest rate of 12 percent for bridge funds and a rate “in the high teens” for mezzanine funds; borrowers will receive financial advice as well, CEO Michael Shah told The Real Deal. [more]