Real Estate Debt

AURA offers investors exposure to real estate debt through Commercial Mortgage Loans (“CML”), B Notes and Mezzanine Debt. In our experience, a combination of the below characteristics can help clients succeed when sourcing mortgage loan opportunities across the nation. 

  • Seasoned Investment Professionals – Experienced loan sourcing and property-level underwriting through the various economic and real estate cycles.
  • Vertically Integrated Organization – In-house professionals includes the Servicing Group, Special Servicing Group and the Valuation and Applied Research Groups.
  • Nationwide Coverage – Established correspondent mortgage banker relationships and portfolio of existing borrowers provide access to markets throughout the country.
  • Comprehensive Process – Appropriate checks and balances in place with all commercial mortgage loan opportunities being thoroughly analyzed, reviewed and vetted before capital is committed.
  • Balanced Portfolio – The appropriate mortgage structure supports a balanced risk/return profile.
  • Attractive Risk Profile - Historically has provided significant yield premium over domestic fixed income securities while maintaining a more attractive risk profile.
*Past Performance is not indicative of future results. 

Life Company Loan Program:

  • Loan Size: $3 - $50 million on a single asset; larger on an exception basis or for portfolio loans
  • Term: 3 - 25 years
  • Amortization: Up to 30 years on a selective basis; up to 10-years interest only if lower leverage (50% LTV or less)
  • Loan to Value: 75% maximum with very favorable pricing for lower leverage transactions. Exit metrics are critical.
  • Property Types: General or medical office, retail, multi-family (MHC, student and senior housing) and industrial.
  • Pricing: Fixed rate priced at a competitive spread over the average life Treasury. Limited forward pricing is available.
  • Rate Lock: At Application

Conduit Lending Program for Securitization:

  • Loan Size: $8 million minimum with no maximum
  • Term: Typically 10 years but can provide 5 to 10 year terms
  • Amortization: Typically 30 years, partial term interest only available on an exception basis
  • Loan to Value: 75% LTV maximum, may require structure to accommodate lease roll or other underwriting issues
  • Property Types: Office, Retail, Industrial, Multifamily and Hospitality
  • Pricing: Competitive with rates priced over swaps
  • Rate Lock: Typically 2-3 weeks prior to closing
Aegon USA Realty Advisors, LLC (“AURA”), an indirect wholly owned subsidiary of Aegon N.V., is a U.S.-based investment adviser registered with the Securities and Exchange Commission (“SEC”) and part of Aegon Asset Management, the global investment management brand of Aegon Group.