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:

$2,000,000 – $10,000,000

ORIGINATION FEE:

Up to 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

APRIL 2018

  • $5,500,000
  • The Retreat by Watermark
  • Multifamily
  • Corpus Christi, TX

DECEMBER 2017

  • $4,500,000
  • Residence Inn Pasadena
  • Hotel
  • Pasadena, CA

SEPTEMBER 2017

  • $3,107,710
  • San Mar Plaza
  • Retail
  • San Marcos, TX

AUGUST 2017

  • $5,000,000
  • University Properties Portfolio
  • Student Housing
  • Bloomington, IN

AUGUST 2017

  • $10,000,000
  • One KC Place
  • Office
  • Kansas City, MO

JULY 2017

  • $3,500,000
  • Mesa Grand Shopping Center
  • Retail
  • Mesa, AZ

JULY 2017

  • $1,250,000
  • Addison Tower
  • Office
  • Addison, TX

JULY 2017

  • $2,840,000
  • Center at Pearland Parkway
  • Retail
  • Pearland, TX

FEBRUARY 2017

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

JANUARY 2017

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

JANUARY 2017

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

DECEMBER 2016

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

SEPTEMBER 2016

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

AUGUST 2016

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

JUNE 2016

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

The Team

  • OUR TEAM

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

  • Andrew Zeitman

    president
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    Andrew Zeitman joined Quadrant Finance Partners (“QFP”) as President in May 2018 and is responsible for overseeing both Quadrant Mezzanine Partners, LLC and the company’s growth and expansion into whole loan lending and servicing.  Prior to joining QFP, Andrew was Senior Vice President, Capital Markets of The Howard Hughes Corporation (“HHC”).  From the company’s IPO in 2010 through April 2018, Andrew lead a team that was responsible for underwriting, sourcing and closing on over $3 billion of project-level financings, strategic acquisitions, dispositions and joint-venture opportunities. Prior to joining HHC, Andrew was an associate with TPMC Realty Corporation, a multi-faceted commercial real estate firm based in Dallas where he conducted financial analysis on real estate acquisition and develop opportunities.  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.

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  • 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.

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  • Michael Young

    Founder
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    Michael is responsible for the strategic direction of Quadrant Mezzanine Partners, in addition to overseeing company leadership and partnerships. Michael is Presi-dent of Quadrant Capital Partners, Inc., which he founded in 2003. From 1994 to 2003, he 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.

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  • Roddy O’Neal

    managing director, head of originations
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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.

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  • Hayden Lunsford

    Producer
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    Hayden Lunsford currently works as an producer for Quadrant Finance Partners. Hayden’s current responsibilities include sourcing new business, gathering market analysis, property analysis and performing the financial analysis and underwriting. Hayden received a BBA in Finance from Dallas Baptist University.

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  • Matt Welsh

    Producer
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    Matt Welsh currently works as an producer for Quadrant Finance Partners.  Matt has a background in real estate and a strong background in excel modeling. Prior to Quadrant Finance Partners Matt worked for Residential Recovery Partners focusing on debt and equity facility management, operations management, and ground up implementation for multiple real estate related business deals. Matt has a BA in Economics from Princeton University and was a member of the varsity baseball team.

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  • Micah Ashford

    asset management / closing
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    Micah Ashford joined Quadrant in May 2018 and is responsible for loan closings, financial reporting, asset management and investor relations. Micah brings a diversified career in commercial real estate, encompassing all facets of transactional activities, finance and acquisitions in the billions of dollars during her tenure as Partner at Dunhill Partners, Inc. from 1999 to 2018. She has spent her career originating new property opportunities, negotiating partnerships and loan documents, and overseeing the physical and financial due diligence on those opportunities. Micah earned a BBA from Hawaii Pacific University and is on the board of directors of the Shelton Homeowners Association and Oaklawn – Hi Line Improvement Corporation. She also serves as an Ambassador for Dwell with Dignity in Dallas.

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  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

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