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Pantheon Financial. Value-added lenders who go the distance with you until you reach your goals.
- Pantheon Financial LLC is a New York-based merchant bank affiliated with Pantheon Properties, the commercial real estate, development and investment company.
- Our mission is to be forward-thinking and innovative in order to lend for real estate projects that many conventional banks and real estate lenders overlook, judge as too risky or cannot close quickly.
- Pantheon Financial’s finance projects range from value creation plays to yield plays to select new construction ventures to recapitalizations across all the product sectors of the market.
- Transactions range from $10 to $200 million.
Pantheon's Wide-Ranging Interests
- The principals of Pantheon Financial have been acquiring, developing, owning, leasing and financing commercial real estate for more than 20 years.
- Since 1994, Ken Cohen, the founder of Pantheon Properties and co-founder of Pantheon Financial has invested in numerous real estate and mortgage transactions including senior, mezzanine and bridge loans, note acquisitions, recapitalizations of partnerships and the redevelopment of existing properties.
- Pantheon Financial’s investments cover a wide range of property types including retail, entertainment, hotel, multi-family, industrial, office and mixed-use, as well as the mortgage loans related to such properties.
Geographical Diversity
- Our lending spans the United States through a network of local partners. We develop relationships with people who know their local markets, and we rely on them for knowledge about their communities.
How Does Pantheon Set Itself Apart From Other Financing Companies?
- Because of our depth of knowledge about how the real estate market works–from brokerage to development to operations–we know the value of what a well-positioned local partner can bring to a transaction.
- We know what steps it takes to make a project successful.
- We're flexible on financing. Pantheon can present a transaction structure that meets your needs.
- And we'll go higher in the Cap Structure than many other lenders.
Pantheon's Rates
- Our rates are highly competitive with the marketplace, but also flexible depending on the time frame of each deal.
Pantheon Financial offers closing periods as short as two weeks
on all of its transactions.
Ultimately, Pantheon Financial is the lending company for you.
- We focus on our borrowers' needs. Their concerns are essential to every transaction we enter.
- We understand the complex nature of real estate transactions.
- We know that navigating the intricacies of a deal can be overwhelming. Our years of hands-on experience give us the know-how to make the process smoother.
- We build relationships with our partners. We gain their trust.
- We'll go higher in the Cap Structure than many other lenders will.
- We know well that real estate deals present many challenges. We're here, ready to push through them with you.
Pantheon Financial.
We've set ourselves apart from other traditional lenders.
Investment Structuring Strategies
Pantheon offers closing periods as short as two weeks on all of its transactions.
Acquisition/Bridge Loans
- The Bridge Loan Program carries a term of up to 3 years and can range from $10-200 million.
- Bridge loan interest rates typically range between 8% and 15% with 1 to 5 points and are secured by a first mortgage lien.*
Mezzanine Loan Program
- The Mezzanine Loan Program carries a term of up to 5 years and can be sized from $10-100 million to provide up to 95% of the capital structure when combined with a third-party senior loan.
- A Mezzanine Loan typically carries an interest rate ranging between 12% and 16% with 2 to 5 points.
- The loan is secured by a 100% pledge of ownership or a second mortgage lien.*
Stretch First Mortgages
- The Stretch First Mortgage Program carries a term of up to five years.
- It can range from $10 million and higher.
- The Stretch First Mortgage blends a first and second mortgage structure into one first position loan that can often increase leverage up to 95% of the cost and as much as 90% of the stabilized value of the property.
- Loan interest rates range between 8% and 15% with 1 to 5 points.
Equity Joint Venturing with Local Owner/Operators
- Pantheon provides equity capital to local developers and owners to enable them to capitalize on their network of relationships with financial institutions, brokers, tenants and local government authorities.
- Pantheon also helps to open developers and owners to investment opportunities they may have had to forfeit because of a lack of capital.
- Investments range from $10 million to $30 million and emphasize industrial, retail and office projects. Pantheon also seeks joint and other ventures to:
- purchase fee simple and mortgage assets
- acquire sale/leaseback transactions
- develop build-to-suit facilities
- acquire or develop projects that will produce income within a reasonable time frame.
Preferred Equity
- The Preferred Equity Program will run for the duration of a project and can be sized from $10 to 50 million.
- Preferred equity is best suited for situations where, for example, the developer lacks the additional equity capital required to bridge the gap between debt and purchase or the development cost.
- Our Preferred Equity Program helps developers maximize third-party debt as our funds are looked upon by senior lenders as additional equity.
- This particular program can provide up to 90% of the equity.
Note Purchases and Financing
- For new loans that go beyond what a lender is willing to lend, we can co-invest on a pari passu or "A tranche" basis up to 95% of the loan amount.
- Pantheon can also purchase individual existing loans or provide a high-yield lender with additional lending capacity by lending against an existing loan book.
- Pantheon can provide lenders with leverage of up to 90% of their portfolio value. Rates range from 10% to 15%.
- Because of our knowledge base and industry network, Pantheon can also purchase non-performing, technical and monetary defaulted notes.
- We are then able to use our expertise to work with a borrower to cure any default or, as a last resort, foreclose and reposition the collateral.
"Out of the Box" Transactions
- Pantheon Financial has been involved in numerous and diverse investment arrangements.
- Pantheon Financial is able to finance all of them, whether they are theme parks, urban real estate ventures, environmentally tainted sites, land loans, unusual or complicated collateral packages, financing a portfolio of high-yield mezzanine or bridge loans, or other varied projects.
*Note: The structures of Stretch First mortgages and Bridge and Mezzanine Loans are similar in that they can be applied to acquisitions, recapitalizations or repositionings, repurchases of borrower debt, financing of real estate portions of larger asset-based loans, sale-leasebacks and DIP financing.
For further information, please contact:
Ken Cohen
Pantheon Financial
119 West 57th Street
Penthouse
New York, NY 10019
TEL: 212 277 7500
FAX: 212 265 8158
kcohen@pantheonfinancialllc.com
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