Castellan Capital’s Opportunistic Bridge and Construction Lending

Cofounded by managing principals Paul and John Salib and with an extensive New York City track record of property development and management, Castellan Real Estate Partners maintains robust bridge and construction lending capacities. Situated under the Castellan Real Estate Partners umbrella, Castellan Capital focuses solely on facilitating loans that go toward the opportunistic acquisition, repositioning, refinancing, and construction of quality properties.

Among the asset types covered within these lending activities are hotel, mixed-use, multifamily, office, and self-storage properties. As a non-bank lender with access to private discretionary capital, the firm can underwrite loans on transitional properties on an expedited timeframe. With transactions generally taking one to two weeks to closing, structure and terms are defined on a deal-by-deal basis.

Among the loans closed in early 2017 was an $18 million refinancing of a Bronx mixed-use property and one for $7.5 million that went toward the acquisition of a Brooklyn retail property. Additionally, an $8 million loan was arranged to complete construction on and refinance a multifamily development in Queens.