Commercial Capital.
Structured Precisely.
Mendy Capital places institutional debt and drives high-velocity asset disposition across all five New York City boroughs. Senior loans, bridge, mezzanine, CMBS, and construction - executed with certainty.
NYC Debt Market Pulse
Sources: SelectCommercial, CBRE, Colliers, Deloitte CRE Outlook - March 2026. For informational purposes only.
Institutional Verticals
We operate across the full spectrum of commercial real estate capital - from sourcing the right debt structure to executing the disposition.
Commercial Mortgage Debt
Senior secured, bridge, CMBS, agency, SBA, and mezzanine financing for multifamily, mixed-use, office, retail, and industrial assets across NYC.
Explore Debt Structures NYC Cap Rates 4.5% - 5.25%Investment Sales
Aggressive capital matched with high-grade investment opportunities. Full transaction cycle from pricing strategy through closing across all five boroughs.
View Property Inventory 2026 Market IntelligenceAdvisory & Valuation
Real-time analytics and advisory for investors navigating the 2026 NYC regulatory landscape, rate environment, and distressed asset opportunities.
Get AdvisoryDebt Products We Place
We work across the full capital stack, matching each deal to the right lender and structure for the asset type, sponsor profile, and timeline.
Senior Secured Debt
Permanent financing for stabilized assets through life companies, CMBS conduits, debt funds, and regional banks. Structured for hold periods, cash flow, and refinancing goals.
- Non-recourse options available
- Terms from 5 to 30 years
- Multifamily, mixed-use, retail, industrial
- Fixed and floating rate structures
Mezzanine & Preferred Equity
Subordinate capital to fill the gap between senior debt and sponsor equity. Used in acquisitions, recapitalizations, and value-add transactions where higher leverage is part of the plan.
- Up to 85% combined LTV
- Flexible prepayment structures
- Acquisition and recapitalization funding
- Structured alongside senior debt or standalone
Bridge & Transitional Financing
Short-term capital for value-add repositioning, lease-ups, and assets not yet stabilized. Designed for speed and flexibility while a long-term exit strategy is executed.
- Closings in as little as 14 days
- Interest-only structures
- Funding for CapEx and TILCs
- 12-36 month terms with extension options
Construction Loans
Ground-up development financing for experienced sponsors in active NYC submarkets. Structured with phased draws tied to construction milestones and cost certifications.
- LTC up to 75%
- Draw management and administration
- Condo and rental developments
- Recourse and non-recourse options
Capital Stack Architecture
NYC Acquisition / Refinance Model - 2026
We place across the full stack - hover each layer
Beyond Brokerage.
Beyond Borders.
Mendy Capital structures debt solutions concurrently with asset disposition, ensuring maximum valuation and certainty of close. We engage lenders, operators, and equity partners simultaneously - never sequentially.
Every mandate benefits from our direct relationships across 200+ lenders including life companies, CMBS conduits, debt funds, agency lenders, and private credit providers.
- Senior loans, bridge, CMBS, agency, SBA - every product
- 200+ active lender relationships
- 48-hour pre-approval on qualified deals
- Parallel debt and disposition strategy on every mandate
- Deep NYC borough expertise - all five boroughs
Financing Options We Place
| Loan Type | Rate Range 2026 | Max LTV | Term | Best For | Status |
|---|---|---|---|---|---|
| Conventional CRE | 4.99% - 8.75% | 75% | 5-10 yr | Stabilized assets, acquisitions | Active |
| CMBS | 5.63% - 7.56% | 75% | 5-10 yr | Non-recourse, larger loans | Active |
| Bridge / Transitional | 5.75% - 12.75% | 80% | 1-3 yr | Value-add, lease-up, reposition | High Demand |
| SBA 504 | 5.61% - 5.79% | 90% | 10-25 yr | Owner-occupied CRE | Active |
| Insurance / Life Co. | 5.13% - 8.40% | 65% | 10-30 yr | Class A, long-term hold | Active |
| Mezzanine Debt | 8.5% - 14% | 85% | 2-5 yr | Gap financing, development | Selective |
| Multifamily Agency | 5.51% - 6.15% | 80% | 5-30 yr | Apartment buildings 5+ units | High Demand |
| Construction | 8.00% - 11.00% | 75% LTC | 18-36 mo | Ground-up development, NYC | Active |
Rates as of March 2026. Sources: CommercialLoanDirect, SelectCommercial, ApartmentLoanStore. Rates are indicative and subject to change. Not a commitment to lend.
Where the Capital Comes From
Each deal is matched to the right lender based on asset class, loan size, hold period, and sponsor profile.
Life Insurance Companies
Long-term, low-rate permanent financing for stabilized institutional assets. Best execution for hold-to-maturity sponsors.
CMBS Conduits
Non-recourse securitized lending for qualifying commercial assets. Competitive fixed rates with flexible loan amounts.
Debt Funds
Private credit for bridge, transitional, and value-add scenarios. Fast closings and flexible structures for complex deals.
Regional & Community Banks
Relationship-based lending for recourse borrowers. Portfolio loans with flexibility on structure and covenant terms.
Agency Lenders
Fannie Mae and Freddie Mac programs for qualifying multifamily assets. Best available terms for eligible NYC apartment buildings.
Mezzanine & Preferred Equity
Subordinate capital from dedicated mezzanine funds and family offices for sponsors targeting higher leverage positions.
From Mandate to Close
Initial Consultation
We assess your asset, capital need, and timeline. Same-day response on all qualified inquiries.
Debt Structuring
We identify the optimal capital stack across senior, mezzanine, and equity layers for your specific deal.
Lender Execution
Simultaneous outreach to 200+ lenders. Term sheets in hand within 48-72 hours on most transactions.
Close & Deliver
We stay in the transaction through closing, managing due diligence, legal coordination, and lender alignment.
What Sets This Practice Apart
Sales & Debt Under One Roof
We handle both brokerage and financing. Buyers working with us on an acquisition can structure their capital simultaneously - fewer handoffs, faster closings.
Institutional Lender Access
We work with life companies, CMBS conduits, agency lenders, and debt funds not accessible through a standard mortgage broker. The right lender is part of what we bring.
Independent Advisory
We are paid at closing by the borrower, not by lenders. Our recommendations are driven by what works for your deal - not which lender pays us more.
Market Intelligence Included
Every engagement comes with current market context. We track NYC transaction volume, rate trends, and lender appetite across asset classes and share that with every client.
Leadership & Operations
Mendy Lipsker
Founder & PresidentStrategic principal overseeing institutional client relations, high-level debt syndications, and the firm's investment sales platform across New York City.
Jeff Zalmy
Head of Investment Sales & Capital MarketsDriving execution in debt placement and asset disposition across NYC. Jeff bridges complex debt structures with optimal asset valuation outcomes. Contact Jeff directly for real-time pricing scenarios.
Capital Markets Operations Team
David Cohen
Managing DirectorSarah Levine
VP, UnderwritingMichael Rosenberg
Director of OriginationsRachel Goldman
Senior AssociateJonathan Schwartz
Investment SalesDaniel Katz
Operations ManagerRebecca Friedman
Client RelationsAaron Shapiro
Senior AnalystConnect With Our Team
Institutional inquiries, debt quotes, and investment sales mandates handled directly by our principals. No automated queues. No gatekeepers.
Or submit a financing scenario to Jeff@MendyCapital.com
