- Phone: 708.719.4120
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Fax: 708.675.1505
- info@kreshmore.com
Our Real Estate Capital Markets practice combines transactional experience with deep understanding of credit, valuation, and market dynamics. We advise owners, operators, developers, and investors across the full spectrum of real estate financing, investment, and restructuring situations.
Rising interest rates, shifting capital flows, and post-pandemic asset revaluations have redefined the real estate landscape. Owners, developers, and funds must navigate tighter lending standards, valuation uncertainty, and evolving tenant dynamics.
The commercial real estate market is experiencing a fundamental repricing driven by elevated interest rates, changing space utilization patterns, and increased lender scrutiny. Property owners face maturity walls on existing debt while confronting compressed loan-to-value ratios and higher debt service requirements. Capital markets that were once accommodative have become selective, favoring stabilized assets in strong markets while creating distress in transitional situations.
For developers, construction financing has become more expensive and difficult to access. Family offices and private funds holding legacy real estate portfolios must reassess leverage strategies, consider portfolio optimization, and evaluate recapitalization alternatives. At the same time, these dynamics are creating acquisition opportunities for well-capitalized investors and platforms with creative structuring capabilities.
Kreshmore advises clients through this complexity — structuring debt and equity capital, repositioning portfolios, and executing transactions that align real estate holdings with long-term investment and liquidity objectives.
Situation: Developer required construction financing for Midwest mixed-use project with retail, residential, and parking components.
Approach: Structured $40MM construction facility combining senior construction loan and mezzanine financing from private credit fund.
Result: Delivered full capital stack at competitive pricing, enabling project to proceed on schedule with appropriate leverage and equity cushion.
Situation: Family office ownership sought to recapitalize industrial portfolio to reduce leverage and fund acquisition pipeline.
Approach: Advised on recapitalization structure combining portfolio refinancing and preferred equity raise from institutional partner.
Result: Optimized capital structure while maintaining control and creating capacity for additional investment.
Situation: Transportation services company sought to monetize owned facilities to enhance liquidity and reduce balance sheet leverage.
Approach: Executed sale-leaseback of multiple operating facilities to institutional real estate investor with long-term lease structure.
Result: Generated immediate liquidity for working capital while preserving operational control through favorable lease terms.
Situation: Multi-property portfolio held legacy debt with mismatched maturities and unfavorable terms, constraining investment flexibility.
Approach: Repositioned debt stack across portfolio, consolidating facilities and optimizing leverage to free capacity for new acquisitions.
Result: Improved cost of capital, aligned maturities with investment horizon, and created additional borrowing capacity.
Situation: Large-scale urban development required recapitalization to complete construction and stabilize asset for permanent financing.
Approach: Structured recapitalization combining private credit rescue capital with institutional equity to complete development and achieve stabilization.
Result: Preserved developer equity, completed project, and positioned asset for eventual refinancing and permanent capital placement.
Kreshmore’s Real Estate Capital Markets platform combines deep capital relationships, structuring expertise, and restructuring insight to deliver institutional-quality outcomes across market cycles. Our professionals have advised on transactions ranging from $1 million to over $500 million, spanning stabilized, transitional, and distressed real assets.
We maintain proprietary relationships with senior decision-makers across commercial banks, life insurance companies, private credit funds, family offices, and institutional equity providers. This network — cultivated through years of execution experience — enables early market intelligence and direct access to capital sources often unavailable through traditional channels.
Our team understands both the investment and operational dimensions of real estate. We have underwritten complex pro formas, negotiated construction loan documents, structured joint venture agreements, and advised lenders on collateral valuations and workout strategies. This dual perspective allows us to anticipate challenges, structure solutions that align competing interests, and execute with credibility across the capital structure.
Whether advising ownership on portfolio optimization, sourcing growth capital for development, or restructuring distressed assets, Kreshmore operates with the rigor of an investment bank and the perspective of an owner — providing clients with trusted, senior-level guidance through every stage of the investment and financing lifecycle.
For confidential consultation regarding real estate capital markets, portfolio strategy, or recapitalization opportunities, please contact the Kreshmore Real Estate Capital Markets team.
Email: info@kreshmore.com
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Registered M&A Business Broker in relevant active states; Member of ACG of Chicago, Axial Networks, MBBI and TMA. Testimonials may not be representative of the experience of all clients. Securities transactions conducted through StillPoint Capital, Member FINRA/SIPC, Tampa, FL. Certain members of Kreshmore Group are Registered Representatives of the Broker Dealer StillPoint Capital, LLC. Kreshmore Group and StillPoint Capital, LLC are not affiliated entities. For more information on Registered Representatives and Broker Dealers visit BrokerCheck.