Allied has originated and acquired over $300 million in performing and non-performing real estate loans. The Company invests in both first mortgage and subordinate debt, primarily to owners and developers in situations where immediate funding is required and conventional financing may not be available and where Allied would be comfortable ultimately being in an ownership position.

Representative Loan Acquisitions
Allied acquired the “B-Piece” position on a $65 million first mortgage secured by a 400-room hotel on Manhattan’s Upper West Side; an $18 million note and mortgage secured by a 330-room airport hotel at JFK Airport that was in bankruptcy; the $15 million debt on a 21 acre mixed use facility in Philadelphia; the $15 million mezzanine loan on two retail centers in South Florida; a $10 million first mortgage on a Manhattan office building; and a preferred equity position on two suburban Washington, D.C. office buildings catering to the tech industry.

Representative Loan Originations
Allied provided acquisition financing for the purchase of the note and mortgage secured by a 550,000 square foot office building located in mid-town Manhattan; interim first mortgage financing for a 500,000 square foot multi-tenant industrial complex in Linden, New Jersey; an interim first mortgage for a 100,000 square foot office building on East 32nd Street in New York City as well as approximately thirty B-note, preferred equity, and mezzanine investments secured by retail, residential and office properties throughout the country.