Gregory White
Nilesh Patel
Julia Tcherkassova
Dorothy Heyl
Brij Dhingra
Investment Criteria

Prima Capital Advisors LLC has investment discretion to invest in commercial mortgage whole loans, commercial mortgage-backed securities, ‘B’-notes, Mezzanine notes, bonds, and preferred shares issued by investment grade rated real estate investment trusts.  Investments for discretionary clients generally conform to the following:

  • Loan Size: $ 5-75 million
  • Property Types: Anchored retail (preference for grocery anchored centers - no outlets), office buildings, industrial (bulk warehouse) and multifamily.
  • Location: Primary and secondary markets in the U.S.
  • Loan to Value: Maximum 75%, Target 50-60%
  • Debt Service Coverage: Minimum 1.25X - Target 1.4X to 1.75X
  • Prepayment: Lock-outs and/or defeasance
  • Maturities: 5-20 years (we strongly prefer 5-10 year deals but will go longer for an acceptable premium)
  • Rates: Generally, fixed rate - competitive market spread/yields subject to prevailing market conditions

Prima also represents a pension client for which it does not possess complete investment discretion.  This client has investment parameters similar to those of our discretionary clients, but is seeking whole loans in the $25-100 million size range.