What We Do

CK Realty Partners is a boutique Commercial Real Estate (CRE) Capital Markets advisor working with clientele and capital sources nationwide.

We provide our clients with specialized front-end deal analysis and modeling; followed by customized financing solutions sourced from 200+ institutional and private relationships in the debt and equity capital markets.

Geography

Nationwide reach with particular expertise on the Eastern Seaboard, Gulf Coast and Midwest.

Property Types

All major commercial real estate asset classes with an emphasis on stabilized and value-add multifamily.

Deal Size

Generally transactions between $5-50 million.

Our Process

WHAT MAKES US DIFFERENT? From the early stages through the closing table and beyond, our clients work directly with Principals who possess the broad perspective of a developer combined with the granular underwriting knowledge of a lender.

OUR MISSION IS SIMPLE. To provide clients with the tools and team to formulate and execute successful business plans, enabling them to do more deals.

Integration

Full-Scale Due Diligence

Deep dive underwriting at the property and market level.

Multi-Scenario Modeling & Analysis

Proprietary and ARGUS modeling with market relevant assumptions and analysis.

On-Going Monitoring & Recommendations

Proactive monitoring of property and market dynamics to address issues in real time.

Access

Principal-Level Deal Team

Our seasoned Principals are involved in every step of the deal from analysis through closing.

Credit Decision Makers

CKRP leverages deep relationships with senior lending officers to deliver highly competitive and reliable terms at all times.

Real-Time Market Knowledge

CKRP underwrites a vast pipeline of deals on a rolling basis; having constant dialogue with key market participants.

Success

Proven Track Record

CKRP Principals have a combined 25 years of capital markets advisory experience, with over 3.5 billion dollars in closed deals.

Repeat Clientele

Our core mission is to be an extension of your deal team. Over 85% of our deals all-time have been with returning sponsors.

Post-Closing

We remain fully dedicated to assist clients interface with lenders on post-closing issues and questions.

Results

GREAT OUTCOMES ARE THE RESULT OF GREAT TEAMS. Our client-focused approach is best evidenced by an 85% return borrower rate since formation in 2012. Below is a sampling of deals closed in recent years across our markets.

$3,500,000
Oswego,
NY
Mixed-Use
33 Units
30 Yr. Permanent
Agency Lender
Stevedore Lofts
$20,617,000
Charleston,
SC
Multi-Family
312 Units
12 Yr. Permanent
Agency Lender
$8,325,000
New York,
NY
Commercial
10,500 SF
10 Yr. Permanent
CMBS Lender
Bank Bldg
$8,062,000
Lithonia,
GA
Multi-Family
174 Units
12 Yr. Permanent
Agency Lender
$8,445,000
Tallahassee,
FL
Multi-Family
159 Units
24 Mo. Bridge
Finance Co. Lender
$2,245,000
Summerville,
SC
Multi-Family
48 Units
12 Yr. Permanent
Agency Lender
Cedar Key Apartments
$5,855,000
Wilmington,
NC
Multi-Family
99 Units
7 Yr. Permanent
Agency Lender
$3,495,000
Hilliard,
FL
Multi-Family
104 Units
7 Yr. Permanent
Agency Lender
$3,380,000
Louisville,
KY
Multi-Family
66 Units
7.5 Yr. Permanent
Agency Lender
$1,060,000
Buckhead,
GA
Multi-Family
23 Units
10 Yr. Permanent
Portfolio Lender
$2,140,000
Kingston,
PA
Multi-Family
60 Units
7 Yr. ARM Permanent
Agency Lender
$2,600,000
Skaneateles,
NY
Mixed-Use
18,500 SF
10 Yr. Permanent
Bank Lender
$3,440,000
White Plains,
NY
Multi-Family
16 Units
10 Yr. Permanent
Agency Lender
$3,500,000
New York,
NY
Mixed-Use
5 Units
10 Yr. Permanent
Bank Lender
$5,000,000
Burlington,
KY
Multi-Family
98 Units
7 Yr. Permanent
Agency Lender
$7,280,000
Greenville,
SC
Mixed-Use
200 Units
12 Yr. Permanent
Agency Lender
$7,300,000
Savannah,
GA
Multi-Family
232 Units
7 Yr. ARM Permanent
Agency Lender
$8,261,400
N. Charleston,
SC
Mixed-Use
266 Units
7 Yr. ARM Permanent
Agency Lender
$9,800,000
Fairfield,
OH
Multi-Family
228 Units
7 Yr. Permanent
CMBS Lender
$10,850,000
N. Charleston,
SC
Multi-Family
216 Units
7 Yr. ARM Permanent
Agency Lender
$12,274,000
Savannah,
GA
Multi-Family
160 Units
10 Yr. Permanent
Agency Lender
$1,100,000
Kingston,
PA
Commercial
95,932 SF
14 Mo. Bridge
Private Lender
$2,600,000
Skaneateles,
NY
Mixed-Use
512 Units
36 Mo. Bridge
Bank Lender
$3,416,000
N. Charleston,
SC
Multi-Family
51 Units
18 Mo. Bridge
Bank & Mezzanine Lender
$3,433,950
Jacksonville,
FL
Multi-Family
122 Units
24 Mo. Bridge
Debt Fund Lender
$4,415,000
New York,
NY
Retail
10,000 SF
Bridge
Family Office
$3,555,000
Summerville,
SC
Multi-Family
80 Units
36 Mo. Bridge
Debt Fund Lender
$5,300,000
Jamaica,
NY
Multi-Family
75 Units
12 Mo. Bridge
Debt Fund Lender
$6,501,600
N. Charleston,
SC
Multi-Family
280 Units
36 Mo. Bridge
Agency Lender
$6,800,000
Charleston,
SC
Multi-Family
116 Units
36 Mo. Bridge
Debt Fund Lender
$8,000,000
Atlanta,
GA
Multi-Family
140 Units
36 Mo. Bridge
Debt Fund Lender
$8,250,000
Valdosta,
GA
Multi-Family
131 Units
36 Mo. Bridge
Bank Lender
$1,900,000
New Canaan,
CT
Retail
7,400 SF
7 Yr. Permanent
Bank Lender
$15,750,000
Savannah,
GA
Multi-Family
218 Units
7 Yr. Permanent
Agency Lender
$8,500,000
New York,
NY
Retail
11,000 SF
24 Mo. Bridge
Debt Fund Lender
$14,526,500
Mobile,
AL
Multi-Family
338 Units
36 Mo. Bridge
Debt Fund Lender
$16,000,000
Jackson,
MS
Multi-Family
453 Units
36 Mo. Bridge
Debt Fund Lender
$7,340,000
Camillus,
NY
Mixed-Use
42,000 SF
10 Yr. Permanent
Bank Lender
$4,850,000
Camillus,
NY
Mixed-Use
34,956 SF
30 Yr. Permanent
Portfolio Lender
Camillus Mills
$2,000,000
Macon,
GA
Multi-Family
66 Units
5 Yr. Permanent
Portfolio Lender
Cobble Hill
$3,787,000
N. Charleston,
SC
Multi-Family
76 Units
7 Yr. ARM Permanent
Agency Lender

Team

Christopher J. Kinder

Christopher J. Kinder

Principal
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CK Realty Partners, LLC is led by Christopher J. Kinder, a commercial real estate executive with vast experience in a variety of disciplines including mortgage finance, equity investment, asset management, construction and development.

In his career, Chris has been involved in the acquisition, financing, and development of real estate transactions totaling in excess of $2.5 billion.

Chris formed CK Realty Partners in 2012 to provide a sophisticated yet approachable mortgage advisory option to clients in the small to middle markets. The firm has since assisted dozens of developers and property investors in analyzing and capitalizing multifamily and CRE transactions.

From 2014 to 2015, CK Realty Partners was hired as consultant to Iron Hound Management Company, a market-leader in the placement and restructuring of institutional debt and equity products for commercial real estate assets. During its assignment with Iron Hound, CK Realty assisted in the underwriting and closing of over $900 million of large balance commercial real estate loans, primarily in Manhattan.

Prior to founding CK Realty Partners, Chris served as Senior Vice President of Larew, Doyle & Associates, a boutique mortgage banking and investment advisory company based in Manhattan. In that capacity, Chris provided clients with access to debt and equity from sources including banks, CMBS, life companies, government agencies, and private debt and equity lenders. Prior to that, Chris was an associate producer in the Westport, CT office of the Goedecke Companies, a Boston-based mortgage banking firm specializing in correspondent life company debt origination and servicing, among other CRE debt and equity products.

In his career Chris has also worked extensively on the construction, development and asset management of numerous commercial and residential projects under the umbrella of various partnerships. He has overseen the construction of office space, apartment units, and parking garages.

Chris received a B.A. from Pennsylvania State University with a major in Real Estate Finance and International Business. He resides in New Canaan, CT with his wife and two children.

David Stewart

David Stewart

Partner
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David is Partner with CK Realty Partners, handling oversight of Origination and Execution of structured finance solutions across all product types and return profiles.

David has 10 years of commercial real estate investment experience, six years in transactions (capital markets/investment sales/acquisitions) and four years in asset management, handling all phases of the transaction cycle as both a principal and intermediary. Mr. Stewart has held senior level roles at Savills, Centennial Real Estate and Pyramid Management Group.

Most recently, David was a vice president within the real estate capital markets group of Savills, where he was directly responsible for advising clients on over $2.5 billion in transactions – primarily institutional quality market rate and affordable multifamily and retail investments from $50MM to $1BN valuations.

David earned his Bachelor of Science in Business Administration from the Madden School of Business at Le Moyne College with a concentration in Finance. Mr. Stewart is a licensed real estate salesperson in New York.

News

16
JulyJul

Market Update July 2019

Rewind just 7 to 8 months as the calendar turned to 2019, and economic forecasts were downright bleak:

“Rising Interest Rates”  “Shrinking GDP”
“Overheated Markets”   “Turbulence Ahead”

However as we head into the second half of the year the current bull market – that is undeniably long in the tooth – chugs along for most sectors of the economy. Unemployment remains historically low (below 4%)  and GDP forecasts have now been adjusted upwards for the year to a healthy 3-4% range. 

In real estate, fears of rising rates have been unfounded as the Fed abandoned plans to raise short terms rates, and longer term Treasuries have fallen substantially. The 10-Year Treasury sits at 2.06%, a ~118 bp decrease from its last high of 3.24% back in October 2018. 

Fixed-rate loan pricing for stabilized properties has largely come down with the drop in Treasuries as spreads have remained fairly constant, with some exceptions. Fannie Mae and Freddie Mac remain competitive with pricing for conventional loans in strong markets closing below 4% recently. Small balance loans, those in weaker markets, and  deals with soft prepayment options may be seen in the mid-4%’s at this time. 

(more…)
6
MarchMar

CKRP Closes $8.325MM CMBS Refinance Loan for Two West Village Retail Condominiums

CKRP has closed an equity recapitalization and $8.325 million CMBS refinance loan for two retail condominiums in Manhattan’s West Village at the corner of 14th Street and 8th Avenue. The 10-year fixed-rate loan features interest-only payments for the entire term. The new financing replaces a 3-year interim bridge loan sourced by CKRP for the owner in 2016 that provided necessary time and capital to re-lease a large vacant space. “This closing represents the culmination of a three year process to lease, stabilize and refinance this property, which is in a world-class location” said Chris Kinder, Managing Principal of CK Realty Partners. “The collateral is now 100% leased to high quality tenants. This milestone is a testament to all parties involved including the owners, leasing agent, and lenders who committed to seeing this through to a successful outcome. We are very pleased with the final result.”

14
NovemberNov

CKRP Closes $20.6MM Acquisition Loan for 312 Unit Apartment Community in Charleston’s West Ashley Submarket

CKRP represented the buyer group in procuring a variety of short- and long-term loan options while presenting the merits and risks of each. The 12-year fixed-rate loan offered competitive loan proceeds and a substantial interest-only period while eliminating interest rate risk over the intended hold period. A moderate physical and operational reposition is planned for this well-located asset just five minutes from downtown Charleston.

23
SeptemberSep

CKRP Closes $8.25MM Bridge Acquisition Loan for 131 Unit Apartment Community in Valdosta, GA

CKRP arranged competitive short-term bridge financing for the purchase and reposition of a 131-unit apartment community that was formerly used for student housing. CKRP procured numerous competitive bridge loan proposals while contemplating the borrower’s planned $1 million capital improvement plan. Additional considerations for an approved tenant-in-common (TIC) organizational structure were needed given multiple 1031 exchange investments that were coming into the deal.

Contact

CK Realty Partners, LLC CK Realty Partners, LLC

1177 High Ridge Rd.
Suite 141
Stamford, CT 06905

(203) 569-7972
info@ckrealtypartners.com