ROCHELLE PARK, N.J., Feb. 25, 2016 – Case Real Estate Capital, LLC (Case), a commercial real estate investment firm, has finalized a $3.5 million transaction, purchasing three senior notes – two performing and one non-performing – secured by residential investment properties located in Manhattan and Hunterdon County, New Jersey. The purchase is part of Case’s new joint venture agreement with a N.Y.-based real estate credit fund.
“This marks the first of many transactions we expect to do with our new joint venture partner,” said Sandy Herrick, founder and managing principal of Case. “We are seeing tightened liquidity and concern from conventional lenders right now. This environment is one of great opportunity.”
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. Based in northern New Jersey, the firm provides dependable financing solutions for a range of transitional properties, including industrial, multi-family, retail, land and office assets.
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.