CAPITAL ADVISORY

COMMERCIAL REAL ESTATE

DEBT & EQUITY PLACEMENT

CAPITAL ADVISORY

ABOUT

Mandri Capital is actively sourcing Senior Debt, Mezz Debt and JV-Equity for middle market commercial real estate developers and investors.

The following are some representative loan closings. Financings were arranged with 20+ different capital sources. (Banks, Debt Funds, Private Lenders, CMBS, Agency lenders.)

Mandri is fully involved in all aspects of the loan process: underwriting, packaging, wide lender surveys, regular reporting to client, term sheet negotiations, and all points of the closing process.

01

Creative Office Renovation / Music Studios

Burbank, Santa Monica
Private Debt Funds
Bridge Loan / Renovation

$22,000,000 (Combined)

Location:
Capital Source:
Loan Type:

Mandri developed a niche in financing specialty-use creative office, focused on music producers and content creators. Successful loan closings involved educating lenders on the immense demand and limited supply for this high rent product. Multiple transactions across greater Los Angeles.

Note

01

Loan size:

Apartment financing

$ 20,000,000+

02

02

02

Mandri worked its lender relationships across the capital spectrum (banks, agency lenders, private money lenders) to source various apartment loans at attractive proceeds and pricing for new and repeat clients.

Note

Nationwide

Private Debt Funds, Banks, Agency

Bridge & Perm Loans

01

LUXURY RESIDENTIAL APARTMENT CONSTRUCTION

West Hollywood, CA
Regional Bank
Construction Loan

$5,000,000

Location:
Capital Source:
Loan Type:

03

Loan size:

Mandri has deep experience in arranging construction loans for apartment developments. In this case, Mandri meticulously prepared a submarket survey to prove out high-end residential tenant demand, and then leveraged a long-standing bank relationship to successfully close a construction loan for a new ultra-luxury residential rental development. At the time, most bank lenders shut down operations due to covid. Mandri’s deep relationships with the most capable and competitive construction lenders nationwide provide certainty of execution.

Note

01

CREATIVE OFFICE RENOVATION

Los Angeles, CA (Silver Lake)
Private Debt Fund
Bridge Loan (Heavy Value-Add)

$2,700,000

Location:
Capital Source:
Loan Type:

04

Loan size:

Mandri has direct access to sophisticated private capital sources across the country. For this loan placement, Mandri worked with the lender to prove out sponsor’s imputed equity in the site (due to obtaining full entitlements), and then successfully pushed for maximum loan dollars for this speculative build. At the time, most private lenders had shut down operations at the time due to covid. Mandri’s wide spectrum of relationships with private lenders nationwide provides for multiple lender options on each loan request.

Note:

Gas Station / Travel Center

Southwest US
Regional Bank
Perm Loan

$13,500,000 (Combined)

01

05

Mandri performed a wide market search and leveraged deep relationships to identify a handful of bank lenders that would be candidates for this specialty product. The loan closed with ongoing environmental remediation in place.

Note

Location:
Capital Source:
Loan Type:

Loan size:

Mandri accessed its deep private banking network - successfully establishing a new banking relationship and securing a (rare) unsecured line of credit for a growing real estate development firm.

Note

Line of credit (unsecured)

Los Angeles, CA
Private Bank
Unsecured Corporate Line of Credit

$ 1,500,000

01

06

Local service Retail

01

Mandri successfully sourced and closed a high leverage, non-recourse construction loan - with lender supplying excess loan dollars to fully complete horizontal work on future development pads.

Note

07

Southwest US

Private Debt Fund

Construction Loan

$ 7,240,000

Industrial

Mountain Region
Private Debt Fund
Quick Close Loan

$ 7,070,000

Location:
Capital Source:
Loan Type:

Loan size:

Mandri closed a complex acquisition on a newly constructed industrial building (pre-certificate of occupancy) for an owner - operator in that market.

Note

08

local service retail

$ 3,900,000

Location:
Capital Source:
Loan Type:

Loan size:

01

09

Mandri has deep experience closing loans with CMBS lenders, and sourced a 10-year fixed rate loan on a non-credit retail center at a signalized intersection.

Note

CMBS Lender

Perm Loan

Southwest US

01

Creative Office Mini-Perm

Santa Monica, CA
Community Bank
Perm Loan

$3,600,000

Location:
Capital Source:
Loan Type:

10

Loan size:

Mandri serves as an “in-house” capital market advisor to most clients, offering forward guidance on their financing pipeline. For this property, Mandri had successfully arranged a bridge loan a few years prior to capitalize the tenant improvements. For this new loan, Mandri accessed a local community bank that was able to offer the lowest fixed rate loan in the market, as well as, speedy execution. Mandri’s relationships with the decision markers at banks, debt funds, private funds, and other capital sources offers best in class execution for our clients.

Note

Max Friedman is the Founder & CEO of Mandri Capital, an investment and advisory platform focused on acquiring, improving, and operating commercial real estate properties in the United States.

Address: 2001 Wilshire Blvd, Suite 410 Santa Monica, CA 90403
Direct Office: (310) 554-6401
Email: mfriedman@mandricapital.com

Max’s business passions include anticipating the unexpected and winning in the face of complexity and adversity. The firm’s bedrock principles of integrity, precision, and teamwork are rooted in Max’s success in leading sport teams, and winning championships at the highest level.

Additionally, the firm maintains an active capital advisory practice, placing debt and equity for middle market developer and investor clients.