ABOUT US
Susquehanna Structured Capital (“SSC”) makes debt and structured equity investments in middle and lower-middle market companies and commercial/multifamily real estate.
We are a member of the Susquehanna International Group of Companies (“SIG”), one of the world’s largest privately-held financial services firms. Founded in 1987, SIG has grown to over 2,000 employees across the globe, with offices in Philadelphia, New York, Dublin, Sydney, Beijing, and Hong Kong. SSC’s team of investment professionals have extensive and diverse experience in corporate and real estate credit and private equity.
INVESTMENT CRITERIA
Commercial/Multifamily Real Estate
SSC provides non-recourse senior and subordinate debt as well as debt-like preferred equity for developments and transitional properties in primary and secondary markets. Sponsor must have significant experience in executing similar business plans.
- Construction: Multifamily, student housing, self-storage
- Transitional: Multifamily, student housing, self-storage, office, retail
- Investment Amount: $3MM to $15MM
- Term: 1 to 3 years plus extensions, tailored to business plan
- Max Leverage: 85%+ for MF, 80% all other property types
- Pricing: Senior SOFR + 7%-8%, Sub SOFR + 9%-13%
- Accrual: Partial to full accrual available
- Amortization: Interest only
- Minimum DSCR: No requirement
- Prepayment: Open with flexible minimum interest
- Advances: Construction, lease-up, capex
- Guaranties: Non-recourse with standard carve-outs, completion guaranty as required
Corporate Debt
SSC provides capital to middle market companies who want to grow and build their brand without substantial dilution. SSC is not constrained by a required EBITDA or net sales number. Nor are we constrained to asset-backed lending. Unlike traditional debt financing, we do not require covenants and work with our counterparty to maximize their growth potential.
- Sector Neutral: Current investments include aviation, film and technology
- Investment Amount: $3MM to $10MM
- Term: 2 years plus extensions
- Pricing: SOFR + 9% – 14%
- Accrual: Partial cash payment is acceptable
- Prepayment: Typically allowed subject to a minimum multiple
- Warrants: Nominal
INVESTMENT CRITERIA
Commercial/Multifamily Real Estate
SSC provides non-recourse senior and subordinate debt as well as debt-like preferred equity for developments and transitional properties in primary and secondary markets. Sponsor must have significant experience in executing similar business plans.
- Construction: Multifamily, student housing, self-storage
- Transitional: Multifamily, student housing, self-storage, office, retail
- Investment Amount: $3MM to $15MM
- Term: 1 to 3 years plus extensions, tailored to business plan
- Max Leverage: 85%+ for MF, 80% all other property types
- Pricing: Senior SOFR + 7%-8%, Sub SOFR + 9%-13%
- Accrual: Partial to full accrual available
- Amortization: Interest only
- Minimum DSCR: No requirement
- Prepayment: Open with flexible minimum interest
- Advances: Construction, lease-up, capex
- Guaranties: Non-recourse with standard carve-outs, completion guaranty as required
Corporate Debt
SSC provides capital to middle market companies who want to grow and build their brand without substantial dilution. SSC is not constrained by a required EBITDA or net sales number. Nor are we constrained to asset-backed lending. Unlike traditional debt financing, we do not require covenants and work with our counterparty to maximize their growth potential.
- Sector Neutral: Current investments include aviation, film and technology
- Investment Amount: $3MM to $10MM
- Term: 2 years plus extensions
- Pricing: SOFR + 9% – 14%
- Accrual: Partial cash payment is acceptable
- Prepayment: Typically allowed subject to a minimum multiple
- Warrants: Nominal