Led by its cofounders Paul and John Salib, New York City-based Castellan Real Estate Partners focuses on vertically integrated investment opportunities spanning the debt and equity spheres. The more than 20 construction, property management, and investment professionals at Castellan Real Estate Partners also coordinate construction and bridge loans through the nationwide lending division Castellan Capital.
The loans go toward refinancing and acquisition associated with transitional properties, with an emphasis on the New York metropolitan area. With asset types ranging from retail to multifamily, loan amounts typically range from $1 million to $40 million. Terms are between one to three years, with closing generally completed within two weeks. There is no required minimum interest or prepayment penalty involved.
In March, the division announced that it had provided $50 million in loan funding in the first three months of the year alone. Among the noteworthy transactions was $15 million that went toward refinancing a Hamptons luxury condominium construction project in the partial completion stage.
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