Criteria

Parse seeks to lend to, and invest opportunistically in, assets owned by experienced multifamily developers and sponsors.

Investment Type


  • Debt and non-control structured equity capital
    • Bridge loans
    • Stretch senior/unitranche loans
    • Subordinated debt
    • Preferred equity

Investment Criteria


  • $5.0 – 50.0 million
  • Last dollar of exposure < 95%
  • Mid-teens and higher rate, scaled to risk
  • 1 – 7 year terms
  • Non-recourse financing
  • Interest only
  • Prepayment anytime, subject to minimum multiple

Capital Use


  • Development of new assets
  • Acquisition of existing assets
  • Recapitalization of existing assets
  • Rescue financing

Property Type

 


  • Multifamily
    • Market rate
    • Affordable
    • Senior (IL & AL)