Over $2.2 Trn of CRE Debt Is Projected to Mature Over the Next Three Years

Graph of Annual Commercial Real Estate Debt Maturities

Over $800B of CRE debt maturing is potentially distressed between 2024-27, particularly in office and multifamily sectors.

Substantial infusion of new capital will be required to refinance otherwise well-performing properties.

GTIS debt strategy is focused on providing creative capital solutions to real estate operators and developers.

GTIS Seeks To Provide Financing with Equity-Like Returns but Downside Protection

Downside Protection

  • GTIS capital is senior to underlying equity in payback priority
  • Impairment protection through 25%orhigher cushion to loss in underlying collateral value

EQUITY-LIKE RETURN IN SAFE PART OF THE CAPITAL STACK

  • Deal-level returns generated from a combination of current interest, accrued interest and fees
  • Often includes minimum return multiples or rate floors
  • Secured by covenants that limit borrowers’ ability to increase debt, make distributions, or liquidate assets

Tranching Upside

  • GTIS may provide a whole loan at 0-75% and then tranche the loan into senior A-piece that is soldwhilea higher-yield mezz piece is retained
  • Provides flexible structure unique to each opportunity that is valued by borrowers

We believe the risk-return profile for providing high-yield real estate debt has improved following the banking liquidity crunch.

2021

2024

Change

Base Rate

<.0%

%

+%

Spread

.0%

.0%

+.0%

Amortized Points and Fees

.0%

.0%

+.0%

Total Yield

.0%

%

+%

GTIS Investment Strategies

Construction Financing

Construction Financing

Provide High-Yield Construction Financing For New Development in Resilient Sectors

Marketing Focus

Land development and homebuilding in top tier suburban locations
For-sale and for-rent multifamily
Industrial logistics

Refinancing Solutions

Refinancing Solutions

Refinance Existing High Quality Assets that Are Facing Maturing Debt

Marketing Focus

Residential, industrial and select retail and hospitality assets in growing Sunbelt markets and select gateway cities

Acquistion Bridge Loans

Acquistion Bridge Loans

Originate High-Yield Acquisition Loans And Bridge Loans for High Quality Sponsors

Marketing Focus

Residential, industrial and select retail and hospitality assets in growing Sunbelt markets and select gateway cities