Direct access to institutional-quality, income producing commercial real estate loans.
Convene originates and invests in institutional-quality commercial real estate loans backed by high-quality properties located throughout the United States. Our borrowers are experienced real estate owners with proven track records.
Our platform gives you the ability to invest alongside us in individual loans that meet your income goals and risk preferences.
Convene is a balance sheet commercial real estate lender providing flexible and reliable capital solutions with certainty of execution.
Convene provides non-recourse first mortgage loans, mezzanine loans and preferred equity for core, core-plus, value-add and transitional properties throughout the United States.
Convene offers borrowers floating and fixed rate loans on all major property types.
Every loan on our platform has been originated by us and vetted by our experienced Investment Committee.
Convene’s investment committee has a proven track record and decades of experience investing billions of dollars of capital across a variety of lending products, asset classes, and through multiple real estate cycles.
Ben Milde
Managing Partner &
Chief Investment Officer
Anthony DiCataldo
Chief Operating Officer
Kimberly Barnes
Loan Underwriting & Originations
Why Co-Invest in Commercial Real Estate Loans?
Income
Loans provide consistent and predictable monthly income
Safety
Loans are senior to a borrower’s equity providing enhanced capital protection
Security
Loans are backed by interests in high-quality commercial real estate
Low Volatility
Lower volatility vs. stocks and bonds
Diversification
Loans provide needed diversification in an investment portfolio
Commercial real estate loans vs. equity.
Loans are senior to equity
A borrower must lose all their equity before a loan loses any principal.
Loans have a fixed term
Loans have a defined term. Equity can be outstanding indefinitely.
Loans pay consistent returns
Loans typically provide consistent monthly returns, while equity returns can vary based on the potential volatility of an assets periodic cash flows and valuations.
Loans don’t have the operating risk of equity
Equity investors are owners. Owners are subject to volatility in rents, occupancy and expenses, property management, capital expenditures, and leasing. Loan returns are insulated from these risks.
Convene focuses on originating, structuring and managing subordinate loans backed by high-quality commercial real estate assets, including subordinate interests in mortgage loans, mezzanine loans and preferred equity. In each case, these loans are senior to the Borrower’s equity in a commercial real estate asset.
Why invest in commercial real estate subordinate loans?
• In most cases, a subordinate loan offers a higher current return than equity. In general, equity returns are highly dependent on property value appreciation.
• Yield with downside protection. Subordinate loans offer a higher return than senior loans and are senior to equity.
• Risk mitigation and a current return paid monthly.
What happens when a property’s value declines?
• Equity absorbs any decline in property value before the subordinate loan suffers any losses. Equity acts as a shock absorber to the subordinate loan.
• If all the borrower’s equity value is lost and the subordinate loan goes into default, subordinate loan structures provide a lender with a path to taking control and realizing the value of the underlying commercial real estate asset.