Equity Placement
Both private and institutional owner operators seek out Carlton’s expertise and access to equity capital to effect acquisitions and recapitalizations which allow owners to replace expensive capital partners and/or monetize all or a portion of the appreciation of their assets and still maintain a significant ownership interest and management income.
The tremendous growth of Carlton’s business in the equity area is due to the fact that the firm specializes in arranging “low cost” passive, promotable equity. The firm also has unique access to an abundance of overseas and domestic institutional and high net worth investor sources. It is through these competencies that Carlton is able to structure, negotiate and close these transactions quickly.
Carlton has unparalleled access to “off the radar” capital sources looking to team up with quality operators. These include domestic funds, as well as overseas equity sources seeking real estate investment opportunities in the U.S. Thoroughly conversant in the broad range of investment criteria these investors seek, Carlton can immediately arrange the appropriate pairing for your recapitalization or acquisition. Often, our investors are willing to provide up to 95% of the required equity capital, on terms significantly more favorable than those available from opportunity and value-added funds.
Debt Placement
Led by Carlton’s Chairman, Howard L. Michaels, Carlton is one of the premier commercial real estate debt advisors in the United States. Under his leadership, Carlton has completed billions of dollars of successful finance transactions in recent years. Carlton’s success is greatly attributable to its unique ability to structure complicated transactions, and then identify and procure the lenders and investors that are needed to fulfill the required terms to consummate the transaction.
Carlton is consistently able to secure for its clients the absolute best terms available in the marketplace, whether from Wall Street investment banks, commercial banks, insurance companies, pension and opportunity funds, or private equity investors. Carlton is able to structure and secure the necessary forms of financing, including but not limited to: first mortgage debt; mezzanine and junior debt; joint venture equity; preferred equity; private and public bond placements; and other related financings.
Carlton continues to build on its dominant position as the leader in arranging mega debt transactions. In 2006, Carlton closed more than $5 billion of senior, mezzanine and equity financing on many of the most desirable assets located throughout the U.S.
Carlton continues to be extremely active and gain market share in the areas of construction financing (In 2006, despite very challenging market conditions, Carlton was able to secure several hundred million dollars of debt and equity for residential projects throughout the U.S., and specifically, in generally perceived “overbuilt” markets such as South Florida) and loan sales, where Carlton transacted several hundred million dollars of residential, commercial and consumer loans on behalf of major financial institutions.
Many of these projects represent some of the largest single-asset property transactions in the United States.
