DENVER, Nov. 09, 2021 (GLOBE NEWSWIRE) – Forum Investment Group (âForumâ), a Denver-based real estate investment and asset management firm, today announced the launch of a new vertical of investment focused on mortgage and structured finance solutions for borrowers and multi-family owners / operators, and developers across the United States As part of the expansion of the company’s real estate capabilities, Forum made Calling on a comprehensive team with over 75 years of collective experience focused on creative institutional capital and structured finance solutions across the real estate capital stack.
âMultifamily continues to thrive as banks lower their leverage points, which has increased the need for more creative spread and equity financing,â said Darren Fisk, Founder and CEO of the Forum. âOur new Credit and Structured Finance investment team combines a nationwide network of long-standing relationships and a data-driven business intelligence approach to provide expanded access that helps multi-family borrowers, developers, landlords / operators to find unique financing structures that can compete in the booming multi-family real estate market.
The Forum Credit Platform expands and diversifies Forum’s business to bring new solutions to the multi-family market and provides multi-family developers, owners / operators and its investors with flexible capital solutions dedicated to a real estate industry while generating returns attractive and adjusted for upside and downside risk. stack of capital. At a time when lenders are cutting forward rates, making it more difficult to secure funding for new investments and creating a capital gap for borrowers, Forum’s new credit and structured finance platform aims to close this gap. .
The Forum’s new credit team will be led by industry veterans and Managing Partners, Tom mccahill and Joe chickey, who have over 50 years of experience in commercial real estate, institutional investments and the execution of capital structures. The team is also made up of Ross macdonald, who brings more than a decade of experience in researching and underwriting joint venture shares, preferred stocks, mezzanine and debt for the development, acquisition and recapitalization of apartment communities through United States ; Logan migliorino, who is responsible for finding new investment opportunities, underwriting and analyzing data; and Joshua Manning, who is responsible for finding and structuring new mezzanine and preferred equity investment opportunities on the structured finance platform, as well as managing the assets of existing lending for vertical markets and strategies. Forum investment. Since joining Forum, the team has closed approximately $ 60 million in structured finance investments and are under contract to close an additional $ 65 million by year end.
âWe are delighted to join the Forum team and bring our established experience in creative financing solutions for the multi-family sector to help position Forum as a one-stop-shop for targeted and flexible financing solutions,â commented Tom McCahill. “We believe that this new arm of the company’s capital allocation will allow Forum to provide better and more flexible solutions to borrowers while providing Forum investors with new opportunities to harness the power of multi-family real estate,” Joe Chickey added.
Forum’s new credit and capital allocation solution will offer co-GP stock, joint venture stock, preferred stock, mezzanine debt, senior stretch debt and other creative finance such as the purchase of tickets, bailout funding, and partner buyouts or recaps.
To learn more, visit www.ForumRE.com.
About Forum Investment Group
Forum Investment Group â along with affiliated entities Forum Real Estate Group and Forum Capital Advisors â is a private real estate investment firm with expertise and focus on multi-family investing throughout real estate cycles and across the stack. of capital. The company buys, builds and finances multi-family buildings through acquisitions, developments, debt investments and now credit and structured finance solutions. Since 2007, Forum has established a solid track record of generating reliable current income with an attractive risk / reward profile and creating long-term value and appreciation for investors. Affiliate entity Forum Capital Advisors, LLC (âFCAâ), formed in 2018, is a registered investment advisor and manager of the Company’s fund investment vehicles. For more information, visit www.ForumRE.com.