Pensam

We’re looking forward to attending the Florida Multifamily Summit 2024 taking place next week, October 15th, in Fort Lauderdale. Pensam's Galina Churchill, VP of Investments, and Hen Shoval, Principal, Director of Investments, will join industry leaders and peers to discuss the latest trends and challenges in multifamily real estate, including: ·?????New Development Pipeline ·?????Equity and Debt Capital Raising as well as Refinancing for Today’s Deals ·?????Market Outlook for the next 12 to 18 Months See you there! #Multifamily #Pensam #RealEstate #Investments #GreenPearlEvents

Congratulations BH for being named #8 on the 2024 Fortune Best Workplaces in Real Estate? list! Your dedication to cultivating leadership and creating an empowering work environment is truly inspiring. We are proud to partner with a company that prioritizes both employee well-being and business excellence. ? #GreatPlaceToWork #RealEstate #StrategicPartnerships

Pensam is excited to announce that on August 29th it closed another successful preferred equity investment behind a Fannie Mae senior loan facilitating the refinancing of Golfview Flats, an apartment community located in Sunrise, Florida. ? This is the fourth preferred equity investment that Pensam has closed behind a Fannie Mae loan in 2024," said Ray Cleeman, Head of Capital Markets and Lending at Pensam. "We have worked extensively with Fannie Mae to ensure that our preferred investments fit within the agency’s new investment guidelines. This has enabled us to provide seamless closings, addressing the growing demand for incremental capital filling funding gaps in sponsor capital stacks.” Explore our portfolio of investments here ? https://lnkd.in/eHpYcPam. For inquiries about this transaction or to discuss future opportunities, we invite you to connect with us. #PreferredEquity #RealEstate #Investment #Multifamily #FannieMae

We are pleased to announce that we recently funded a $6.2MM first mortgage bridge loan to support the acquisition of a multifamily community located in McAllen, TX. The borrower needed a lender who could fund within the limited timeframe under the purchase contract and provide surety of execution. "We continue to provide flexible and creative capital to our sponsors, focused on time sensitive and opportunistic transactions" said Noah Miller, Executive Vice President of Pensam. "Our expertise in multifamily and our wide geographical footprint allow us to move quickly from term sheet to closing". We welcome you to contact us to explore how we can assist with your financing needs. To view our full portfolio, click here ? https://lnkd.in/gZgu4Ypg #Investment #RealEstate #Property #PropertyInvestment #BridgeLending #MultiFamily

We have been working on some exciting sustainability projects, together with certified B Corporation ??, ecofi (formerly known as EcoSystems) and we wanted to share some compelling results. ?? Our initiatives have conserved approximately 725 million gallons of water, and ?? We have also managed to save 1.1 million kWh of electricity By installing water-saving fixtures and integrating other energy-saving practices across our properties, we are proud to be contributing towards positive environmental change ?? and supporting our tenants and the broader community. #Sustainability #GreenRealEstate #Ecofi #EnergySavings #Water

We're excited to announce that two of our senior Pensam team members, Katie Vanderveen, Vice President of Asset Management, and Monica Slusser, Asset Manager, will be attending the Apartmentalize conference in Philadelphia this week, from Wednesday, June 19th through Friday, June 21st. Apartmentalize offers countless opportunities to connect and exchange ideas with the best in the industry. The NAA Exposition will bring together top rental industry management professionals, and we look forward to engaging in insightful discussions and innovative sessions. We're also thrilled to attend NAA's Excellence Awards on Wednesday, recognizing excellence and leadership in the rental housing industry. It's an honor to be part of such a prestigious event. See you there! #Apartmentalize #Pensam #NAAExcellenceAwards #Networking #RentalHousing

Exciting company news update: ? We’re pleased to welcome Noah Miller back to the Pensam team as Principal and Executive Vice President. ? From 2014-2020, Noah made significant contributions to our multifamily acquisitions and preferred equity lines of business and the company's overall growth. After successfully leading a small balance private debt firm from 2020 to 2024, he is now re-joining the Pensam team. ? As the newest addition to Pensam’s leadership, Noah brings his wealth of knowledge and multifamily expertise to our growing organization. We are happy to have him back on board and look forward to advancing Pensam’s diversified business model even further. ? Feel free to reach out directly to Noah to re-connect: [email protected] ? #Pensam #RealEstate #Investment #BridgeLending #PreferredEquity #Multifamily #CapitalMarkets #CRE

In late May, our team gathered in the vibrant city of Chicago for our annual staff retreat. It was a perfect blend of professional development, team bonding, and exploring the best of Chicago. We kicked off our retreat with a series of informative workshops that sparked creativity and collaboration, equipping us with fresh insights to bring back to the office. The sessions were both enlightening and engaging, setting the tone for a productive retreat. We also took the opportunity to visit some of the properties in our portfolio, where we were graciously hosted by the talented BH Management Services team. Their insights and hospitality made these visits incredibly valuable and enjoyable. For a bit of fun, we also attended the Chicago Cubs vs. Atlanta Braves game at iconic Wrigley Field and learned about Chicago’s rich architectural history while cruising along the Chicago River. The retreat not only strengthened our team spirit but left us inspired and rejuvenated. We're excited to bring this renewed energy back to our projects and continue striving for excellence. ?? #PensamRetreat #TeamBuilding #ProfessionalDevelopment #CompanyCulture

Yesterday Pensam closed an $8,500,000 preferred equity investment to support the recapitalization of The Residences at Wash Brook, a newly constructed luxury apartment community located in Bloomfield, Connecticut. Ray Cleeman, Head of Capital Market and Lending at Pensam, commented that he was particularly excited at the opportunity to have had Pensam participate in the financing of this class “A” apartment community. He further stated that the firm has been incredibly active in providing ‘lease-up’ lending solutions which have enabled sponsors to raise additional capital as they approach TCO on their construction projects, all the way through the lease-up and stabilization process of multifamily assets. Pensam provides structured finance solutions tailored to the unique needs of our clients with a particular focus and expertise in the multifamily sector. If you have any questions about this deal, or want to explore how we can assist with your financing needs, please don't hesitate to reach out.

?? [IN THE NEWS] Pensam featured in Green Street's Commercial Mortgage Alert (Issue: May 3rd, 2024), covering our recently closed preferred equity investment in Fox and Hounds, a 402-unit multifamily community in Columbus, Ohio. Read the full article below. To view Pensam’s full portfolio, click here ? https://lnkd.in/gZgu4Ypg #Investment #RealEstate #Property #PreferredEquity #Multifamily #PropertyInvestment ?#CommercialMortgageAlert