January 22, 2019
National real estate investor and developer Lightstone has launched a real estate debt platform, Lightstone Capital. It has hired Eugene Rozovsky, previously with Madison Realty Capital, to oversee and manage the new platform as SVP of real estate debt strategies.
“Our decades of experience across every real estate sector allow us to see value and uncover opportunities where other lenders cannot,” said David Lichtenstein, Lightstone chairman and CEO. “As a developer, we understand the borrower’s perspective and needs, and we recognize their desire for a reliable lender that can work quickly.”
With plans to close $500 million of financing in its first year, Lightstone Capital’s target loans range in size from as $3 million up to $100 million, secured by real estate assets located in gateway markets including New York, Miami, and Los Angeles. The new platform will also consider strong projects in secondary markets.
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