February 6, 2020

Exantas Capital Corp. Expands Its Lending Platform

Exantas Capital Corp. is a real estate investment trust that is primarily focused on originating, holding and managing commercial real estate mortgage loans and other commercial real estate-related debt investments. The Company is externally managed by an indirect wholly-owned subsidiary of C-III Capital Partners LLC, known as Exantas Capital Management Inc.

Through the integration of C-III Commercial Mortgage with its affiliate and external manager, Exantas Capital Manager, the company has been able to expand its commercial real estate debt platform to include fixed-rate commercial real estate loans. This integration enhances Exantas Capital Corp’s commercial real estate market presence and provides its borrowers a comprehensive offering of transitional to permanent financing solutions. C-III Commercial Mortgage is a leading originator of commercial real estate loans and has originated $3.2 billion of fixed-rate loans and $2.1 billion of floating-rate loans since 2010.

The Chairman of Exantas Capital Corp., Andrew L. Farkas, commented: “We are proud to take the next step in out 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 through the industry.”

It is reported that the company is pleased with the opportunities created and will now be 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 their floating-rate borrowers who are executing on business plans and seeking longer-term, fixed-rate financing.