Direct Commercial Bridge Lender

Layla Capital is a New York City based direct bridge lender that specializes in small to middle market debt opportunities in major cities nationwide, with a focus on the Northeast and East Coast. Founded on the principles of transparency, reliability and consistency in asset based lending, Layla remains focused on building loyal client and broker relationships over time with a proven track record and certainty of execution.

  • Quick Closings – We can close deals in as little as 2 weeks
  • Certainty of Execution – Worry free process with no hassles
  • Competitive Rates – Layla Capital offers the best loan pricing available for clients
  • Flexible Terms – We structure unique terms to work best for each deal
  • Direct Lender – We lend on our own balance sheet
  • Brokers Protected – We ensure brokers are protected in our term sheets

Loan Amounts

$500,000 to $10,000,000

Interest Rates

8.5% to 10.5%

Max Loan-To-Value

67.50%

Max Loan-To-Cost

70.00%

Origination Fees

1% to 2.5%

Loan Terms

9 months to 30 months

Lien Position

  • 1st
  • 2nd

Loan Purpose

  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Invest in a Business
  • Value Add Project
  • Development Project

Property Occupancy

  • Vacant
  • Tenant Occupied 100%
  • Owner Occupied Commercial

Property Geographic Area Details

East Coast

Property Types and Loan Types

Collateral Types

  • Residential Property
  • Commercial Property

Property Types

  • 2-4 Units Residential
  • Auto Dealership
  • Auto Repair
  • Commercial Condominium
  • Commercial Land
  • Condominium
  • Industrial
  • Mixed-Use
  • Mobile Home Park
  • Multifamily
  • Office
  • Portfolio of Residential Properties
  • RV Park
  • Residential Land
  • Retail
  • Single Family Residence
  • Storage Facility

Loan Types

  • Private Money
  • Hard Money
  • Commercial Bridge
  • Commercial Property Value Add
  • Commercial Ground-Up Construction
  • Residential Ground-Up Construction
  • Mezzanine

Specialty Loan Types

  • 2nd Mortgage Equity Cash Out
  • Land Development
  • Partner Buyout
  • Bankruptcy Resolution
  • Foreclosure Bailout
  • Transactional Funding

Junior Liens

Junior Lien Loan Amounts

$500,000.00 to $5,000,000.00

Junior Lien Interest Rates

10% to 15%

Junior Lien Loan-to-Value

70.00%

Junior Lien Loan-to-Cost

75.00%

Junior Lien Origination Fees

1.50% to 3.00%

We Fund Junior Position Loans

Often

Junior Lien Types

  • Purchase
  • Refinance
We can fund 2nd Mortgage positions behind conventional lenders, subject to an inter-creditor agreement

Land Loan

Land Types Considered

  • Residential Land
  • Multifamily Land
  • Industrial Land
  • Office Land
  • Retail Land

Will Consider Land That is NOT Entitled

no

Existing Land Improvements Required

  • Street Access
  • Electricity
  • Gas
  • Water

Max LTV for Land

55.00%

Max LTC for Land Acquisition

55.00%

Purchase Loan

Max Loan-To-Purchase Price

70.00%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

no

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Subject Property
  • Equity in Another Investment Property
  • Seller Financing
  • Family

Rehab Value Add Loan

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

2

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

80.00%

Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw

5

Maximum After Repair Value

70.00%

Construction Loan

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

2

Max LTC for Ground-Up Construction Costs

70.00%

Interest Charged for Construction Costs

Only on Funds Drawn

Will Lend on Partially Completed Construction Projects

yes

Details and Requirements

Typical Closing Time (Days)

14

Fastest Closing Time (Days)

8

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only
  • Interest Reserve

Payment Structure Details

Typically interest reserve held back to make monthly payments

Pre Payment Penalty

yes

Typically 6 months minimum on 12 month loans

Will lend to a foreign national

yes

With a U.S. bank account and green card

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered

  • LLC
  • Limited Partnership
  • Trust
  • Corporation

Documentation Required

  • Credit Report
  • Tax Returns
  • Loan Application

Personal Guaranty (Recourse) Required

Sometimes

Credit Check Required

yes

Minimum Credit Score Required

550

Credit Check Description

We are asset-focused and less personal credit oriented with our underwriting

Appraisal Required for Residential Property

Always Before Funding

Appraisal Required for Commercial Property

Always Before Funding

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Fees

Deposit Required

$5,000.00 to $20,000.00

Just to cover out of pocket third party due diligence costs

Fees which are mandatory for all new borrower clients

  • Deposit

Fees which are charged upfront prior to loan closing

  • Deposit

Additional Details

Expense deposit required upon term sheet signing to cover out of pocket third party due diligence costs

Layla Capital is a New York City based direct real estate bridge lender that specializes in small to middle market debt opportunities in major cities nationwide, with a focus on the Northeast and East Coast. Founded on the principles of transparency, reliability and consistency in asset based lending, Layla remains focused on building loyal client and broker relationships over time with a proven track record and certainty of execution. Layla specializes in loans in the $500k to $15mm range and lends on multifamily, single family investment properties, mixed-use, retail and office. Transaction types include but are not limited to: renovation, rehab, construction, bridge to sale, partner buy-outs, cash out, lease-up, quick closings, bank fall-outs, and more.

Established

2017

Office Locations

575 Lexington Avenue, 4th Floor, New York, NY, 10022

Primary Capital Source

  • Own Funds

Alternative Capital Sources

  • Family Offices

Loan Structure for Majority of Loans

  • Own Balance Sheet

Percentage of company’s lending business focused on private mortgage

100%

Percentage of Loans Secured by Commercial Property

50%

Percentage of Loans Secured by Residential Property

50%

Percentage of Residential Property Loans Which are Fix and Flip

25%

Percentage of Residential Property Loans Which are Buy and Hold

25%

Percentage of Loans Secured by Land

10%

Justin S. Cooper

Founder & CEO

Justin Cooper is the Founder and CEO of Layla Capital. Mr. Cooper began his career at Silo Financial Corp., a private commercial bridge lender based in Stamford, Connecticut, where he underwrote, sourced, and asset managed bridge loans. After Silo, Mr. Cooper joined Stabilis Capital Management, a $1.7 billion+ distressed debt and lending fund based in New York City. At Stabilis, Mr. Cooper managed a portfolio of 50+ assets across the continental U.S. He later worked with the firm’s managing principal to launch the fund’s private lending strategy, where he built a team and grew the originations business from the ground up. Following Stabilis, Mr. Cooper worked as Vice President of New Gables Capital, where he focused on originating senior secured first mortgage bridge loans, mezzanine loans and preferred equity investments in the $1M to $40M range. Mr. Cooper holds Bachelor of Science Degrees in Finance and Accounting, magna cum laude, as well as a Master of Science in Finance from Syracuse University. He resides with his wife and two children in New York City.

Peter J. Paladino

Managing Director & General Counsel

Peter Paladino has over 10 years of commercial real estate property underwriting and lending experience, as well as a successful track record in REIT portfolio analysis and asset allocation. Mr. Paladino has previously focused on commercial property transactions ranging from $20 million to $50 million in deal size, throughout the United States. His background as an attorney and financial analyst has allowed him to excel in roles that have involved both structuring and making investments throughout the capital stack. Mr. Paladino is responsible for lending and closing transactions totaling of over $300 million over the past 18 months. He has previously worked at Stan Johnson Company, as well as affiliates of U.S. Bancorp and American Realty Capital, LLC, in a management capacity, responsible for both lending and portfolio investments. Mr. Paladino has earned a Bachelor of Science in Finance from The Pennsylvania State University and a Juris Doctor, with a focus on contract and property law, from Villanova University School of Law. He is an active member of the New York State Bar, as well as the American Bar Association and an alumnus of the Urban Land Institute.

Jeffrey A. Grasso

Advisor

Jeff Grasso is Vice President of Investment and Development at Silverstein Properties, Inc. In this position, he is responsible for sourcing, capitalizing, and executing acquisition, development, and corporate investments in the United States, Europe, and Asia. Jeff also manages Silverstein Properties’ EB5 Regional Center. Prior to joining Silverstein, Jeff worked in the portfolio management group of ING Clarion Capital, a $5 billion AUM credit opportunity fund. He was responsible for the acquisition and asset management of an ABS portfolio in addition to acquiring and originating high yield whole loans. Jeff received a B.S. in Accounting, Finance, and Real Estate from the Martin J. Whitman School of Management at Syracuse University. He is a member of the Kuhn Real Estate Center Advisory Board at Syracuse University and a full member of the Urban Land Institute.

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

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(temp use, storage, billboard, parking, etc.)

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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(temp use, storage, billboard, parking, etc.)

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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how will the loan be paid off?

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