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 subordinate debt and debt-like preferred equity for developments and transitional properties in primary and secondary markets. Sponsors must have significant experience in executing similar business plans.
- Property Types: Multifamily, hotel, office, retail, mixed-use, specialty considered
- Investment Amount: $4MM to $20MM+
- Term: 1 to 5 years including extensions
- Leverage: Up to 85%
- Pricing: LIBOR + 8% – 13%, Fixed 10% – 15%
- Accrual: Partial cash payment acceptable
- Amortization: Interest only
- Minimum DSCR: No requirement
- Prepayment: Open with minimum interest payments
- Future Advances: Lease-up costs, capital expenditures
- Recourse: Typically non-recourse with standard carve-outs, completion guaranty as required
Corporate Debt
SSC provides capital to companies ranging from early stage to middle market firms 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 don’t require covenants and work with our counterparty to maximize growth potential.
- Sector Neutral: Current investments include healthcare, technology
- Investment Amount: $4MM to $20MM+
- Term: 2 to 4 years
- Pricing: LIBOR + 10% – 14%
- Accrual: Partial cash payment acceptable
- Prepayment: Typically open with minimum multiple
- Warrants: Nominal
INVESTMENT CRITERIA
SSC provides subordinate debt and debt-like preferred equity for developments and transitional properties in primary and secondary markets. Sponsors must have significant experience in executing similar business plans.
- Property Types: Multifamily, hotel, office, retail, mixed-use, specialty considered
- Investment Amount: $4MM to $20MM+
- Term: 1 to 5 years including extensions
- Leverage: Up to 85%
- Pricing: LIBOR + 8% – 13%, Fixed 10% – 15%
- Accrual: Partial cash payment acceptable
- Amortization: Interest only
- Minimum DSCR: No requirement
- Prepayment: Open with minimum interest payments
- Future Advances: Lease-up costs, capital expenditures
- Recourse: Typically non-recourse with standard carve-outs, completion guaranty as required
SSC provides capital to companies ranging from early stage to middle market firms 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 don’t require covenants and work with our counterparty to maximize growth potential.
- Sector Neutral: Current investments include healthcare, technology
- Investment Amount: $4MM to $20MM+
- Term: 2 to 4 years
- Pricing: LIBOR + 10% – 14%
- Accrual: Partial cash payment acceptable
- Prepayment: Typically open with minimum multiple
- Warrants: Nominal
TEAM
CONTACT
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