Ease Capital and Taconic Unveil $450 Million Partnership to Transform Multi-Family Financing

Ruthvik

Nov 27,23

2 mins read

Ease Capital and Taconic Unveil $450 Million Partnership to Transform Multi-Family Financing

In a groundbreaking move, Ease Capital, the tech-enabled multi-family lender, has joined forces with Taconic Capital Advisors in a strategic $450 million partnership. The collaboration aims to revolutionize multi-family financing, specifically addressing the challenges faced by borrowers in the multifamily property market, amidst diminishing options from traditional financial sources.

With banks and credit unions retreating, Ease Capital and Taconic’s partnership seeks to fill the financing void by offering tailored solutions. Taconic will bring its expertise to provide bridge and bridge-to-permanent multifamily financing solutions in the $5 – $35 million range, addressing the pressing challenges arising from falling valuations and rising interest rates.

Ease Capital recently launched a direct lending platform targeting borrowers grappling with restricted financing options, paving the way for this transformative partnership. Noteworthy achievements include Ease’s successful seed funding round of $8.5 million from key players in the Fintech, Proptech, and Insurtech sectors.

Led by industry veterans Charlie Oshman, Memo Sanchez, and Ryan Simonetti, Ease Capital stands as a technology-driven multifamily lender. The trio leverages Proptech expertise to offer creative financing options and ensures execution certainty through proprietary risk assessment systems.

Ryan Simonetti, Chairman of Ease Capital, highlighted the urgency of their mission, stating, “We are witnessing the most challenging real estate financing environment since the Global Financial Crisis.” Meanwhile, Charlie Oshman, CEO of Ease Capital, emphasized their data-driven approach, boosting the certainty of execution for borrowers.

James Jordan, Portfolio Manager at Taconic, praised Ease’s tech prowess, predicting a substantial shift toward non-bank originators in commercial real estate lending. The partnership signifies a pivotal step toward reshaping the landscape of multifamily financing and supporting borrowers in navigating the evolving market dynamics.

2024 List of Most Influential Women in PropTech

By Ruthvik

4/12/23

The proptech industry has some of the strongest women leaders. These women have shown immense dedication and hard work to…

Camphor’s AI Property Search: Disrupting Real Estate Exploration

By Ruthvik

1/12/23

Finding a perfect home is more than just about location and price now. You must want to find out the…

The Growing Influence of LLMs in Multifamily Revenue Management

By Ruthvik

29/11/23

The real estate industry is constantly evolving, and with it, the strategies used to manage and optimize the revenue generated…

Newsletter

Subscribe & Get Discount

<!--
-->
thumb

Proptech Newsletter that makes you smart

Over 5000 subscribe who are PropTech Buyers, Proptech Founders, and PropTech Investors