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)