Strategy: VCP
Veleta Capital Partners, (“VCP”) is a strategic partnership formed by Veleta Capital, and funds managed by Oaktree Capital Management, L. P. (“Oaktree”). VCP provides an institutional quality, small balance bridge lending platform, for multifamily and alternative commercial real estate.
Collective Strength
VCP combines the strength of Oaktree, a leader among global investment managers specializing in alternative investments, with Veleta’s platform and trusted management team of real estate credit and investment professionals.
VCP originates senior secured bridge loans on quality multifamily and commercial real estate assets, predominately in the Western United States. VCP is powered by the Veleta platform, which offers in-house loan servicing, construction and asset management services, ensuring a high-touch client relationship experience. Veleta uses new technology and data-driven analytics to create maximum value for its clients and investors.
Opportunistic, Value Add, & Repositions
Access to Comprehensive Resources
Responsive, High-Touch Experience
In-house Construction & Asset Management
In-house Servicing
Access to Building Materials
Lending Parameters
Loan Amount
$2 - $20 million
Asset Types
Multifamily (5+ units) and alternative commercial real estate assets*
Geographical Focus
Arizona, California, Colorado, Florida, Oregon, Texas, Utah, Washington**
Loan Term
12 - 36 months + extension options
Lien Position
Senior Secured
Loan Purpose
Acquisition, value add, opportunistic, repositioning, recapitalizations
Minimum DSCR
No in-place DSCR requirements, market DSCR minimums required at stabilization
Guaranty
Non-recourse, with standard “bad boy” carveout provisions
Rates
Floating, Interest only
Commercial LTC/LTV
Up to 75% of project cost & max 65%*** LTV at stabilization
Multifamily LTC/LTV
Up to 85% of project cost & max 75% LTV at stabilization
Prepayment Penalty
Minimum interest periods based on term length
Net Worth & Liquidity
Standard net worth and liquidity requirements
Fees
1% upfront, exit fees determined on a case-by-case basis
*Other commercial asset types include: Flex Space, Industrial, Medical Office, Mixed Use, Self Storage, Single Tenant Retail, Warehouse.
**Other markets considered on a case-by-case basis.
***Additional commercial asset types may be considered on a case-by-case basis. Commercial guidelines may vary depending on property type.
Request a Loan
Fill out the form to request a loan from Veleta Capital Partners. A team member will be in touch shortly.
