Partnership. Performance.

Debt, Joint Venture & Structured Capital

“Avison Young’s Debt, Joint Venture & Structured Capital platform delivers innovative financial solutions for commercial real estate transactions.” 

For over 36 years, Avison Young has been a leader in directing capital into U.S. and Canadian investments

In 2014, Canadians accounted for 26% of the cross border activity by investing approximately $10 billion into United States property, far outpacing the next three largest investors; Norway (12%), China (10%) and Japan (9%).

POINTS OF DIFFERENTIATIONI-BANKING VS. BROKERAGE/MARKETING High-touch, transparent & value-added execution process, not data distribution

LOCAL PRESENCE, INTERNATIONAL REACH Leverage local offices for market knowledge and international hubs for capital

FULL REPRESENTATIONAgnostic to capital stack, geography and asset class

Debt, JV & Structured

Capital Team

Strategic Advisor

Marketing Advocate

Process Manager

Market Proxy

Working in the Client’s Best InterestVALUE ADDED PLACEMENT We do not act as a listing service by shopping a client’s package to everyone in our database. We thoroughly evaluate all key issues and structure, then strategically position deals to the best and appropriate capital sources

UNBIASED CLIENT REPRESENTATION We are an unbiased advocate of the real estate owner and do not receive incentive-based fees from any lending institution

INTERNATIONAL / INSTITUTIONAL FIRM A global presence with broad breadth and scope assures our clients receive the attention they deserve. Our unfettered access to the Canadian institutional marketplace allows us to tap sources most boutique local firms cannot

MULTI-TALENTED TEAM Our team is equally adept at placing debt, mezzanine and equity. Our transaction team is led by multi-dimensional professionals who pride themselves on creating innovative solutions and consistently identifying superior capital structures

INVESTOR UNIVERSE KNOWLEDGE Tracking the continuing evolution of the capital markets and its participants provides us with comprehensive insight into capital providers’ needs, processes and key issues

INTEGRATED APPROACH There are no competing interests within Avison Young to place the client’s project with any particular capital source. Our placement team seeks to deliver the best capital, not just any capital

CLIENT SUPPORT Avison Young prepares comprehensive financing memoranda including pro-forma budget modeling, creation of project/corporate business plan, and market research to support clients’ in-house efforts

LOCAL MARKET COLLABORATION Rather than traditional localized self-contained capital placement execution, we leverage our partnership structure to incorporate local “boots on the ground.” The placement team always incorporates a local Avison Young principal. This affords us excellent real time market reconnaissance allowing us to better position the project to our capital providers

Senior Debt• Construction loans for development deals• Permanent financing for stabilized assets• Bridge loans for transitional opportunities• Credit facilities for fund leverage

Mezzanine Loans – Preferred Equity• Full/partial accrual features• Long-term co-terminus loans• Fixed/floating/participating structures

Equity• Co-GP/LP passive asset/entity level• Programmatic acquisition capital• M&A - joint venture structuring• Fund, entity and asset level re-capitalization

Esoteric Structures• Bifurcated A/B notes• Ground lease structuring• Tenant improvements/credit financing• Corporate trade for real estate swaps

Buy Side Representation• Off-market acquisition/capital deployment

opportunities• Separate account services

AREAS OF EXPERTISEWe offer expert insight into every aspect of the real estate capitalization process, including:

SELECT CLOSED TRANSACTIONS

Debt, Joint Venture & Structured Capital

Partnership. Performance.

David Eyzenberg Principal Debt, Joint Venture & Structured Capital 212.729.4329 david.eyzenberg@avisonyoung.com

Closing of senior debt financing to recapitalize a $17.6M, 140,000 SF multi-tenant office in Houston, Texas

Closing of a high leverage short-term bridge loan for a $10M, 11-unit multi-family property in Boston, Massachusetts

Closing of senior debt financing to refinance a $9M, 58-unit multi- family property in Fort Lauderdale, Florida

Closing of senior debt financing for the refinance of a retail Co-op valued at $9M in Soho, Manhattan

Closing of senior debt financing for the acquisition of a $6.8M multifamily property in Washington Heights, Manhattan

Closing of the refinance of a $36M, 242-unit SRO Portfolio in Manhattan, NY

Closing of senior debt financing to recapitalize a $38M, 120,000 SF retail shopping center in Miami, Florida

Closing of a revolving credit facility secured by a $40M portfolio of ground leases in Falls Church and Fredericksburg, Virginia

Closing of a CMBS loan to refinance a $9M surface parking lot in Myrtle Beach, South Carolina

Closing of a bridge loan to refinance a $28M, 352-unit multi-family property in Lauderhill, Florida

Closing of a bridge loan to capitalize a joint venture formation and predevelopment of a $35M development site near UN in Midtown, Manhattan

Closing of a $25M portfolio restructuring for two multi-family properties in Boston, Massachusetts; Stuart, Florida; and Charleston, South Carolina

Closing of a $42.5M construction loan for the development of a 19-story multi-family building in Midtown, Manhattan

Closing of a CMBS loan to refinance an expiring bridge loan on a $24M, 352-unit multi-family property in Lauderhill, Florida

Closing of a $44M construction loan for the development of a Five Phase Resort along the Gulf of Mexico in Destin, FL

Closing of an $11M senior debt loan for the acquisition of a 16.114 acre retail shopping center in San Antonio, Texas

Closing of a $9M of joint venture equity for the acquisition of two retail shopping centers in Louisiana and Texas

Closing of a $10.2M senior debt loan for the acquisition of an 85% occupied, 171,539 SF retail property located in Lake Charles, Louisiana

Honesty and integrity are givens in all we do. Openness, fairness and ethical behaviour form the rock-solid foundation of our business and reputation.

Investing in our people is a priority that supports achievement of superior results for our clients and strong returns for our principals.

A principal-led business model in which primary equity holders are directly involved with and accountable to clients creates close alignment, both within the firm and with client interests.

Elimination of service line silos is an Avison Young best practice that enables the delivery of truly integrated solutions and maximizes the quality of those solutions.

Open-source solution approach makes sure our clients’ best interests are always our focus, and enables the right resources to be assigned to every opportunity.

The Five Pillars of the Avison Young Culture

©2015 Avison Young (Canada) Inc. All rights reserved.

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CONTACT David Eyzenberg Principal Debt, Joint Venture & Structured Capital 212.729.4329 david.eyzenberg@avisonyoung.com