03 — Commercial Real Estate Capital Markets
The least efficient use of your most precious resource.
Sale-leaseback, acquisition, construction financing and recapitalization — so the property serves the business instead of absorbing its capital.
Funding and realizing value in your real estate.
- Equity trapped in owned facilities that the business would rather deploy elsewhere
- A ground-up or build-to-suit project that needs a financing structure
- An acquisition where the operating cash cost of buying outright is prohibitive
- Existing debt approaching maturity, or a cost of capital worth improving
Real estate can be the least efficient use of capital. We help unlock financing — sales, acquisitions, new construction, recapitalization or sale-leaseback — turning real estate from a liability into an asset and freeing capital for the rest of the business.
R&D, hiring, operations and business development all compete for the same capital. Real estate quietly consumes a large share of it, often at the worst possible cost — equity trapped inside a building the company owns for operational reasons rather than investment ones.
The work is matching the right structure to the objective. Selling and leasing back releases capital while keeping the facility. Debt and equity together secure a building without draining operating cash. Recapitalization improves the cost of capital on assets you already own. Which one is right depends on what the business is trying to fund.
Real estate may be the least efficient way to use your most precious resource.
R&D, hiring, operations and business development all compete for capital. We unlock real estate financing — turning it from a liability into an asset and freeing capital for the rest of your business. Choose a path to see how it works:
The work, itemized.
Capital strategy
What the real estate is costing the business today, and which structure best serves the objective.
Sale-leaseback
Sell the facility you own and stay in place under a long-term lease, converting a fixed asset into deployable capital.
Acquisition financing
Debt and equity structured to secure the facility the business needs to own, on terms that protect operating cash.
Construction and project finance
Financing for ground-up and build-to-suit projects so the balance sheet carries the mission rather than the building.
Recapitalization
Restructuring ownership and debt on existing assets to release trapped equity and improve the cost of capital.
Valuation and underwriting
What the market will actually pay or lend, underwritten before the process goes out.
Capital introductions
Access to lenders and investors active in industrial, life science and hard-technology real assets.
Execution
Process management through diligence, documentation and closing, alongside counsel and the lease.
Four stages, in order.
What clients ask first.
What is a sale-leaseback?
You sell a facility you own and simultaneously lease it back long-term, so operations continue uninterrupted in the same building. Ownership transfers, occupancy is retained, and the capital that was tied up in the asset is released to the business.
Does a sale-leaseback mean losing control of the facility?
Operationally, no — the lease is negotiated as part of the transaction, which is where control lives: term, renewal options, alteration rights, expansion and assignment. The structure of the lease matters as much as the price.
When does recapitalization make more sense than a sale?
When the objective is to release equity and improve debt terms without giving up ownership, and when operations should not be disturbed. It restructures ownership and debt on assets you keep.
Do you work on the financing and the real estate together?
Yes, and they are difficult to separate well. Lease terms drive the value of a sale-leaseback, and the financing structure affects what a project can afford to build — negotiating them apart tends to cost on both sides.
What types of assets do you work with?
Industrial, manufacturing, life science and hard-technology facilities — assets where the operational requirement is specialized and the buyer or lender pool is narrower than for generic commercial property.