Read Bio >>>
In 2012, Aries Capital arranged over $250 Million in financing and UDF deployed over $100 Million in New Markets and Historic Tax Credits for $350 Million of deals. 50% included office buildings, retail, apartments, and busted condos and 50% financed hotels. In 2013, Aries Capital has access to debt at the lowest interest rates in 40 years, plus mezzanine and equity capital for apartment, hotel, retail and office deals between $10 and $75MM. Aries and affiliates have funded or arranged funding on over $4 Billion in Real Estate and Hotel transactions.
Creative Real Estate Mortgage Banker, Direct Structured Lender and Tax Credit Provider for Apartment, Retail, Hotels, Office and Industrial including Perm, Interim and Mezz Debt.
Representative closings: $82 MM Pensacola Hilton and Holiday Inn Resort, $45.3 MM Chicago office bldg, $31 MM Wisconsin Industrial Portfolio, $33 MM lifestyle center Orlando, $95 MM apartment financing San Francisco, $65 MM Boutique Hotel Equity Boston, $38 MM Hampton Inn portfolio.
UDF has received 5 State and 7 Federal allocations and of New Markets Tax Credits from the US Treasury Department for over $460 Million.We have money to fund NMTC and HTC rehab loans in low income neighborhoods at subsidized interest rates. UDF has funded or participated in over $1 Billion in deals through NMTC and HTC tax credits.
Urban Development Fund NMTC investments include: Roosevelt Hotel New Orleans LA (Waldorf Astoria)- $150 MM; Roseland Hospital Expansion and Med Center Chicago, La Gran Plaza Mall Ft Worth, St Louis Center, Plaza America Mall, Houston, Pinnacle Office Jackson, MS; 21 C Hotel Louisville, Briscoe SW Art Museum, San Antonio, Embassy Suites Riverwalk, San Antonio, Aloft Hotel Orlando and Clemens Center Theater Elmira, NY.
Specialties: Hotels, Apartments, Office and Retail Properties, New Market and Historic Tax Credits.