News

In January 2014 Dekel Capital launched Dekel Strategic Investors (DSI), a JV-equity platform to provide equity capital to real estate developers engaging in multifamily, senior housing, student housing, and retail development projects.  Over the past 18 months, the DSI has invested over $65 million across nine projects throughout the United States.  DSI will continue to fill the recognized gap in the capital markets for equity investment between $3 and $10 million and is targeting a total of $100 million of JV-equity investment by year end.

Max Friedman, SVP at Dekel Capital, was quoted in PrivcapRE’s article Mezz Debt’s Steady Advance in Risk by Christopher O’Dea on March 2, 2015.

Read the full quote below:

“More players are entering the mezz space, resulting in increased
competition to win deals,” says Max Friedman, senior vice president at
Dekel Capital, a Los Angeles–based merchant bank focused on
commercial private equity real estate and complex financing structures.

In recent months Dekel Capital has been actively arranging high-leverage loans and financing structures (up to 90% LTC, non-recourse) for clients acquiring value-add and core-plus deals nationwide. We’d like to use this opportunity to share with you some of the market intelligence we’ve gathered.

This financing can be sourced wholly from a single source, debt fund underwriting to a CLO execution, or by placing a senior loan plus mezz/pref equity. These capital sources are focused on business plan execution across all property types and are not constrained by bank leverage metrics,

Max Friedman has joined Los Angeles-based real estate investment banking firm Dekel Capital as Senior Vice President where he will focus on arranging debt and equity for the acquisition, development, and refinancing of
commercial real estate assets nationally.

Friedman joins Dekel Capital after two-and-a-half years with Boston Private Bank and Trust Company. As Vice President in the Los Angeles office, Friedman originated commercial real estate loans for bank clients and was also responsible for managing  a portfolio of Southern California commercial loans.

Los Angeles – Dekel Capital, a Los Angeles-based real estate investment banking firm, has arranged an $17 million of permanent debt on behalf of Orange County, CA-based Core Capital Investments for a cash-out refinance of a coastal mobile home park set on approximately 15 acres located in Southern California, announced Dekel Managing Principal Shlomi Ronen.

The non-recourse senior debt, funded by a bank, has a thirty year term and is fixed for seven years with five years of interest only.

‘Reversion’ of Units Rented Out in Downturn Is Fresh Sign of Housing Market’s Strength

By Conor Dougherty

Many condominium developers who rode out the real-estate downturn by renting out their units are reverting to for-sale housing, in another sign of the market’s continued recovery over the past year.

Take Amir Haber, a Los Angeles developer who opened his Universal Lofts project at precisely the wrong moment in late 2008,