Case Set to Ramp Up Investment Activities, Remaining Focused on Mid-Market Transitional Assets
ROCHELLE PARK, N.J., Feb. 10, 2016 – Case Real Estate Capital, LLC (Case), a commercial real estate investment firm, has entered into a joint venture agreement with a New York-based real estate credit fund. This venture will allow Case to ramp up its investment activities. As Case expands its platform, it will remain focused on deals in the $1.5 million to $30 million range for transitional assets.
“The venture will rely on Case’s mid-market expertise and local knowledge,” said Sandy Herrick, founder and managing principal of Case. The venture will continue Case’s efforts as an active high-yield private lender, a purchaser of sub- and non-performing debt, and an equity investor. “This joint venture vehicle gives us the ability to be more aggressive in securing deals. We expect to be able to lower borrowing costs and raise purchase prices where and when appropriate.”
Established in 2013, Case responds to the middle market’s need for smart situational capital. Its funds are typically deployed as note purchases in addition to bridge and acquisition loans or rescue and restructure capital. The firm provides dependable financing solutions for a range of transitional properties, including industrial, multi-family, retail, land and office assets. It is based in northern New Jersey.
“I have worked with the principals at this credit fund for over a decade, and we have a mutual respect for each other’s work,” added Herrick. During the course of his 30+-year career, Herrick has orchestrated investments totaling more than $5 billion of commercial properties.
Case helps local entrepreneurs take advantage of near-term profit opportunities. The principals of Case evaluate each loan, property and real estate debt purchase based on its own merits, the borrower’s or seller’s situation and business plan, and whether local market conditions allow the firm to execute proven value creation strategies.
