Johnson Capital Announces Launch of New Opportunistic Finance Group
Johnson Capital, a national real estate capital advisory firm, announces the launch of a new division, Johnson Capital Opportunistic Finance (JCOF).
Los Angeles—Johnson Capital, a national real estate capital advisory firm, announces the launch of a new division, Johnson Capital Opportunistic Finance (JCOF). JCOF provides real estate investment banking services and structured finance solutions to opportunistic commercial and residential real estate companies and development projects ranging in size from $20 million to $500 million across the United States.
The JCOF team just closed a $23 million senior loan secured by a stabilized portfolio of over 200 single family rental assets in California. Johnson Capital also serves as an exclusive conduit to one of the largest private equity real estate firms in the world to deploy capital in the residential sector for situations like the aforementioned.
While JCOF will advise on all property types and components of the capital structure across major US markets, the group has a particular emphasis on the residential sector focusing on three primary opportunistic investment strategies.
- Infill Development: Infill urban areas near growing transportation infrastructures where there is a shortage of residential supply and increasing demand fueled by private sector job growth.
- Master-Planned Communities: Broken or fractured master-planned communities that need additional capital to complete land and amenity infrastructure to unlock finished lot land values. These include golf course, marina, and resort developments.
- Residential Buy-to-Rent Strategies: Single-family homes in secondary and tertiary markets that were foreclosed upon during the recession which now have a highest and best use as rental property. These properties can qualify for longer-term conventional financing but cannot obtain that financing from federally regulated banks or government sponsored entities (GSEs).
JCOF will be headquartered in Johnson Capital’s Los Angeles office and will be led by Dennis Cisterna and Gabriel Weinert, two of Johnson Capital’s senior executives with combined transactional volume of nearly $2.5 billion throughout their careers.