Creative specialty lending. It’s what we do. It’s the catalyst for how our partners have surpassed $2 billion in loans. Over the past year, we’ve been fortunate to experience a surge in demand for our bridge loan programs, while our traditional lender counterparts seem to remain stagnant.
“Silver Arch Capital Partners was formed with the goal of assembling the most creative minds in real estate lending under one banner,” said Jeffrey Wolfer, president and CEO of the New Jersey-based firm. “In situations where a traditional source of financing might see obstacles to a loan, we see opportunity. We are prepared to secure funding for a borrower that other lenders might have turned down. We have the creativity and flexibility to make it work.”
This creativity has resulted in notable loan closings that have brought back two iconic clubs:
The return of the famed ‘Jockey Club’: With a $21 million loan to Apeiron Miami, LLC, we were able to resurrect this legendary social club of the 60s and transform it into a 1 million-square foot luxury residential and hotel development. The first phase of this project began with the construction of a state-of-the-art 41-story tower that houses 120 well-appointed residential condominium units and a 90-room hotel that includes a restaurant, fitness center and amenities. Phase two includes the construction of the residential condominium building with a total of 120 units and a 346-space parking structure.
“We are thrilled to have secured this financing for the Apeiron project and appreciate the confidence that our partners have placed in both our project and our leadership team,” said Muayad “Mo” Abbas, a founding partner with the development team behind Apeiron at the Jockey Club. “Step by step, we are laying the groundwork for what will be a phenomenal luxury development in an untouched corner of the Miami market.”
Making our mark of luxury in Midtown Manhattan: With a $30.4 million loan, real estate management company Merchants Hospitality helped achieve their vision of launching the luxurious Cachet Boutique New York Hotel and bringing back the Playboy Club. Located in the heart of Theatre Row, this boutique hotel has become a world-class destination for the sophisticated traveler. Amenities include personal wellness facilities, an outdoor spa and Jacuzzi, a 2,000-square-foot indoor-outdoor wine bar and meeting and event space with crackling fire pits.
“We, along with our partners, are pleased to help Merchants Hospitality kick-start its latest real estate venture,” adds Jeffrey Wolfer. “Borrowers look to us when they can’t secure conventional lending. Silver Arch Capital offers quick loan closings on real estate with unique circumstances that tend to cause traditional lenders to turn away.”
As the commercial development climate continues to change, Silver Arch Capital Partners will evolve to meet the financial funding needs of borrowers.
“These borrowers are prepared to generate economic growth and activity and create jobs with their projects, and we are fully prepared to make that happen.”
