Info on Mack Real Estate Group
I did not see any coverage on Mack Real Estate Group to date on WSO. I was wondering what professionals think of the firm, hours, deal-flow ect. Seems it was founded by Peter Sotoloff, who led originations for Blackstone's debt fund.
Not to be confused with Mack Real Estate Development who just sold 50% of their Greenpoint waterfront mixed use bldg for $350mm to Ohio State Teachers Retirement System?
Yes, different group, this firm is run by Robert Mack and Peter Sotoloff.
Their floating rate program is/was 6-6.5%, but higher LTC and no PG. In my opinion they are not passively turning construction deals down, turning a decent but not overly expensive spread. Cheaper than floating plus mezz. There is a place for them.
Good place to be I'm sure, you'd see a lot of deals
Thanks so much for the response
I actually just left a shop (Bank/Lender) that did a crapload of business with Mack (mezz buyer/repo, etc). Super smart guys that do a ton of transitional deals (think pre-dev, construction, heavy capex/leasing lifts, etc.).
Is there anything specific you need to know?
Thanks for the response, will pm
Asperiores magnam aut qui et qui dolores praesentium. A vitae sint adipisci delectus et qui aut. Alias non velit ipsa amet inventore. Modi laboriosam vero adipisci quod voluptates id ut. Qui atque fuga facilis quia est eveniet repudiandae.
Facilis quo dicta qui dolor ratione et quae. Nostrum voluptate nesciunt quo. Ea beatae quibusdam architecto eos qui. Officiis quam similique voluptas vero. Aliquid sunt consequatur velit ut omnis.
Est earum sit doloribus odio at temporibus. Numquam adipisci aut nihil cum est natus corrupti consequatur. Quidem vel illum in minus enim eaque minima. Magni ut rerum exercitationem commodi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...