Exantas Capital Corp. expands lending platform

New York, NY Exantas Capital Corp. has expanded its commercial real estate debt platform to include fixed-rate commercial real estate loans through the integration of C-III Commercial Mortgage with its affiliate and external manager, Exantas Capital Manager. The integration enhances the company’s commercial real estate market presence and provides its borrowers a comprehensive offering of transitional to permanent financing solutions. Since 2010 C-III Commercial Mortgage, a leading originator of commercial real estate loans, has originated $3.2 billion of fixed-rate loans and $2.1 billion of floating-rate loans.

Paul Hughson, Exantas’s head of commercial real estate lending, said, “We are pleased with the opportunities created for Exantas today through our integration of C-III Commercial Mortgage’s well-established fixed-rate origination business.  Exantas is now able to provide its customer base with the full suite of products available in the real estate capital markets, including short term floating-rate loans, longer term fixed-rate loans as well as preferred equity and mezzanine debt. This will allow Exantas to retain the lending business of a portion of our floating-rate borrowers who are executing on their business plan and are seeking longer-term, fixed-rate financing.”

Andrew Farkas, chairman of Exantas, said, “We are proud to take the next step in our multi-year strategic transformation by scaling Exantas’s commercial real estate presence and deployment capacity to the benefit of our borrowers and the company’s shareholders. Our expanded platform will accelerate our deployment, which in turn will drive Core Earnings and support our dividend without diminishing our credit standards at a time when spread compression is being felt throughout the industry.”