Case Real Estate Capital, LLC (Case) through Case Investors Origination III, LLC has provided a $17,750,000 first mortgage loan secured by a property in Montauk, New York. Established in 2013, Case is a commercial real estate investment firm headquartered in northern New Jersey.
“This marks our third transaction with our joint venture partner,” said Sandy Herrick, founder and managing principal of Case. “The strength of our JV vehicle enabled us to underwrite, document and fund our last two deals within 35 days. We expect that being highly responsive with the ability to commit quickly will serve us well in the remaining months of 2016.”
Responding to the middle market’s need for smart situational capital, Case provides financing solutions for a range of transitional properties, including multi-family, industrial, retail, land and office assets. Its funds are typically deployed as note purchases in addition to bridge and acquisition loans or rescue and restructure capital.
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.