ABOUT

Quadrant Mezzanine Partners is a Dallas, Texas based lending platform, providing custom-tailored financial solutions through mezzanine financing to the US commercial real estate industry. Financing is available for acquisitions and re-finance needs. Quadrant is owned and operated by a team of seasoned real estate professionals. We have extensive expertise in all areas of commercial real estate, including credit skills and sophisticated capital markets expertise.

PROGRAM SUMMARY

Target Markets:

Major US markets; secondary and tertiary markets

PROPERTY TYPES:

Multi-tenant office, retail, industrial, multi-family (no development or land), student housing and hospitality (in select markets), self-storage and manufactured housing

Loan Type:

Fixed or Floating (LIBOR based)

LOAN TO VALUE / LOAN TO COST:

Up to 85%

INTEREST RATE:

10 – 14% (based on risk, structure and transaction profile)

PREPAYMENT:

Yield Maintenance, open at par 90 days prior to maturity

LOAN SIZES:

$1,000,000 – $10,000,000

ORIGINATION FEE:

2% of loan amount

RECOURSE:

Typically non-recourse, with standard carve outs

LOAN TERM:

2 to 10 years (co-terminus with senior loan)

Amortization:

Interest Only

COLLATERAL:

Pledge of 100% of the ownership of the Borrower; Inter-creditor agreement with first lien holder

TURN AROUND TIME:

Preliminary terms within 48 hours of submittal of information. An application can be issued within 7 days of approval of preliminary terms.

Transactions

JUNE 2016

  • $1,750,000
  • Mustang Ranch
  • Student Housing
  • Stephenville, TX

AUGUST 2016

  • $3,500,000
  • Springhill Suites/Residence Inn
  • Hotel
  • Norfolk, VA

SEPTEMBER 2016

  • $3,600,000
  • 44 Plaza
  • Retail
  • Poughkeepsie, NY

DECEMBER 2016

  • $850,000
  • Whitehall Corporate Center VI
  • Office
  • Charlotte, NC

JANUARY 2017

  • $1,200,000
  • Plaza at Milltown
  • Office/Retail
  • Honolulu, HI

JANUARY 2017

  • $2,200,000
  • Double Tree Tempe
  • Hotel
  • Tempe, AZ

FEBRUARY 2017

  • $1,500,000
  • Five Star Self Storage Portfolio
  • Self-Storage
  • Michigan & Ohio

The Team

  • OUR TEAM

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    Dedicated, experienced industry professionals, with deep relationships, who think creatively.

  • Randy Fleisher

    Founder
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    Randy oversees origination, structuring and loan closing for Quadrant Mezzanine Partners. He also serves on the Advisory Board. Until September 2016 when he founded Hamilton Realty Finance, Randy was Managing Director of Jones Lang LaSalle (“JLL”) Dallas Debt & Equity platform. Prior to joining JLL Randy was the founder of Quadrant Realty Finance (“QRF”), a boutique Real Estate Investment Banking firm located in Dallas, Texas, which JLL acquired in June, 2013. Since its formation in 2010, QRF placed over $1.5B in debt and equity financings. Prior to joining QRF, he was a Managing Director at CBRE. Prior to his employment with CBRE, Randy was an attorney with the law firm of Monk Goodwin in Winnipeg Canada, practicing real estate and commercial law. Randy holds a Bachelor of Law from the University of Manitoba, a Master of Science in Real Estate & Finance from the University of North Texas and a Bachelor of Business Administration in Finance, Investment and Banking from the University of Wisconsin.

  • Michael Young

    Founder
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    Michael Young is responsible for the strategic direction of Quadrant Mezzanine Partners, in addition to overseeing company leadership and partnerships. Michael is President of Quadrant Capital Partners, Inc., which he founded in 2003. From 1994 to 2003, Mr. Young served as Managing Director and Global Head of Real Estate for CIBC World Markets. He serves as Lead Independent Trustee of SmartREIT (TSX), formerly Calloway Real Estate Investment Trust. Michael is Chairman of the Board of Milestone Apartments REIT (TSX). He was a Director of Brookfield Residential Properties Inc. (NYSE/TSX) until it was privatized by Brookfield Asset Management. He serves as a Director of the Board of the American Friends of the Art Gallery of Ontario and is Chairman of the Board of Dignitas International (U.S.). Mr. Young holds a Bachelors degree from the University of Western Ontario. He is also a member of Canada’s Sports Hall of Fame.

  • Roddy O’Neal

    managing director
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    Roddy O’Neal has participated in the commercial real estate market since 1990. Involved in the formation and implementation of Merrill Lynch’s CMBS lending platform from 1995-1997. Joined Goldman Sachs at the inception of their CMBS operation in January 1998. Served as Co-Chief Executive Officer of Goldman Sachs Commercial Mortgage Capital from April 2000 till March 2010 and as Chief Executive Officer from March 2010 through January 2012. In January 2012 became Director of National Production for Goldman Sachs and served in this role through May 2016. Responsible for loan originations in excess of $20 billion. Mr. O’Neal holds a Bachelors’ degree from the University of North Texas.

  • Grant Garlock

    vice president
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    Grant is responsible for the origination and due diligence of mezzanine and preferred equity opportunities for Quadrant Mezzanine Partners. Grant has a background in credit risk management, lending and financial modeling. While working for Clayton Fixed Income Services he returned over $8 million to securities holders by identifying fraudulent loans and correcting servicing errors. Grant received a Bachelor of Arts in Economics and History from Vanderbilt University, as well as a Masters in Business Administration with a concentration in finance and strategy from Southern Methodist University.

  • Hayden Lunsford

    Analyst
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    Hayden currently works as a financial analyst with Quadrant Mezzanine Partners. Hayden’s responsibilities include gathering market analysis, property analysis and performing the financial underwriting of mezzanine and preferred equity opportunities. Hayden received a Bachelor of Business Administration in Finance from Dallas Baptist University.

  • Julie Brookover

    Finance and Accounting
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    Julie has served as head of accounting for Quadrant Capital Partners since 2004 and of Quadrant Mezzanine Partners since it was founded in 2015. Prior to joining Quadrant, Julie was employed by Harwood International, a full service real estate company with offices in Dallas, Los Angeles, London and Zurich. From 1992 to 2000 she performed the role of Asset Manager and from 2000 until her departure she served as Senior Vice President of Financial Operations. Prior to Harwood International, Julie worked in Los Angeles for Forest City Development as a financial analyst in their retail development division and Landauer Associates as a real estate appraiser. Julie is a graduate of the University of Texas in Austin where she received her Bachelor of Business Administration in Finance and Real Estate.

  • David Weinreb

    advisory board
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    David R. Weinreb is the Chief Executive Officer of The Howard Hughes Corporation. Mr. Weinreb has directed the company’s efforts since its emergence in 2010, building a portfolio of some of the most sought-after real estate in the country. His vision, leadership and financial acumen led him to be named to 2012’s Top 200 CEOs in the U.S. by ExecRank, a leading authority on executive rankings. A real estate industry veteran for over 30 years, Mr. Weinreb spent 17 years as Chairman and CEO of TPMC Realty Corporation, a company he built into a multi-faceted investment firm prior to joining The Howard Hughes Corporation. Mr. Weinreb attended New York University and began his real estate career in the late 1970s in New York City. He is a member of the International Council of Shopping Centers and the Urban Land Institute. He also serves on the Advisory Council of the Lusk Center for Real Estate at the University of Southern California.

  • Grant Herlitz

    ADVISORY BOARD
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    Grant Herlitz is the President of The Howard Hughes Corporation overseeing the daily operations and strategy for the company. Previously, Mr. Herlitz was President and Chief Financial Officer of TPMC Realty Corporation. Mr. Herlitz joined TPMC in 2000 as Vice President of Investments using his varied financial and management experience to position himself for multiple roles within the company. He oversaw TPMC’s capital structure, accounting operations, day-to-day management and leasing operations. Mr. Herlitz handled the acquisition and disposition of assets within TPMC’s portfolio, and was instrumental in diversifying TPMC’s core real estate assets. Mr. Herlitz started his career in finance working for the European Community Observer Mission to South Africa, an organization set up in conjunction with the United Nations to observe political change in South Africa. After moving to the United States in 1994, Mr. Herlitz worked as a tax accountant in both public and corporate accounting. Mr. Herlitz earned a Bachelor of Commerce Degree (US Equivalent of Bachelor of Business Administration) from the University of Witwatersrand, Johannesburg, South Africa. In addition, he is a member of the International Council of Shopping Centers and the Urban Land Institute, where he serves on the Office Development Council.

  • Andrew Zeitman

    advisory board
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    Andrew Zeitman is a Senior Vice President, Capital Markets of The Howard Hughes Corporation (“HHC”). He leads a team that is responsible for underwriting, sourcing and ultimately closing on project-level financings, strategic acquisitions, dispositions and joint-venture opportunities across the company. Since the company’s IPO in 2010, Andrew has successfully closed over $2.5 billion in construction loans, permanent financings, master credit facilities and property acquisitions across all of the major commercial real estate product categories. Prior to working at HHC, Andrew was an investment analyst with TPMC Realty Corporation, a multi-faceted commercial real estate firm. Andrew has an MBA from the Cox School of Business at Southern Methodist University and an undergraduate degree in business from the Kelley School of Business at Indiana University.

  • David Striph

    ADVISORY BOARD
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    David Striph is Executive Vice President-Hawaii for The Howard Hughes Corporation overseeing the company’s operating assets in Hawaii. A real estate industry veteran, Mr. Striph has financed and managed several billion dollars’ worth of real estate assets during his career, including mixed-use, retail, office and high-end residential projects. Prior to joining Howard Hughes, Mr. Striph served as Senior Man-aging Director at Westmount Realty Capital, a Dallas, Texas based real estate investor. Mr. Striph was also Managing Director at Fortress Investment Group, Vice President and Vice President Regional Manager at Fremont Investment & Loan, and President of Amresco Capital Trust. Mr. Striph began his career as a Certified Public Accountant with Ernst & Young. Mr. Striph graduated from Southern Illinois University with a B.S. in accounting.

  • Nick Cassavechia

    ADVISORY BOARD
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    Nick Cassavechia is the Vice President of Frontier Equity, a division of Holt Lunsford Commercial. Prior to joining Frontier Equity, Nick spent 3 years at Quadrant Investment Properties (QIP) focusing on acquisitions, dispositions and capital markets. Between 2014 and 2016 at QIP, Nick played an integral role in acquiring more than 1.1 million square feet of office properties totaling more than $210 million. Before joining QIP, Nick was a senior analyst on the investment sales team at HFF, L.P. where he participated in more than $1 billion in office and industrial investment sales transactions. Additionally, he assisted in several land, retail and loan sales, and structured finance transactions. Before HFF, Nick spent two years in the Detroit Tigers minor league baseball organization after a four-year collegiate career at Baylor University where he served as team captain and graduated with a BBA in Management from the Hankamer School of Business.

  • Howard Rachofsky

    advisory board
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    As a hedge fund manager for thirty years, he Mr. Rachofsky started the Regal group of companies in the 1970s, and acted as the Managing Partner of Regal Securities Investment, L. P. and President and Chairman of the Board of Regal Capital Company. A Dallas native, he earned a B.S. in economics in 1966 from the University of Pennsylvania, Wharton School of Business and later his Juris Doctorate degree in 1970 from the University of Texas at Austin. Howard also serves as an active member for several boards, such as Dia Center for the Arts in New York, the AT&T Performing Arts Center, the Dallas Symphony Association, and Lumin Education. He is also a member of the Collections and Finance Committees and on the Board of Trustees at the Dallas Museum of Art and acts as Advisory Director to the University of Texas, School of Architecture.

  • Sharon Young

    ADVISORY BOARD
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    Sharon Young is a co-founder of Quadrant Capital Partners, Inc. Prior to starting Quadrant, she founded Solstice Management, L.P. a real estate hedge fund focusing on publicly traded U.S. and Canadian securities. Ms. Young previously started and managed a REIT fund at Westwood Management, a money management firm with $8 billion of assets under management. Young received her MBA from Southern Methodist University. Ms. Young has served as a trustee for the Dallas Museum of Art and has chaired the development, audit and nominating committees. She has also served on The Advisory Board of Booker T. Washington High School for the Performing and Visual Arts and has been Chair of the Nominating Committee. She serves on the Program Advisory Committee for the Nasher Sculpture Center. Young previously served on the Board of Planned Parenthood of North Texas as Treasurer and Chairman of the Administrative Management Committee.

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