Strategies
Real Estate Equity
Shallow bay warehouse acquisition & development
Structured Credit
Shallow bay warehouse construction financing
Opportunistic
Emerging Neighborhoods T.O.D. Multifamily
Real Estate Equity
Shallow Bay Warehouse Acquisition & Development
MORVAY, through its wholly owned subsidiary PURVEYOR SHALLOW BAYS, is aggressively acquiring and developing a portfolio of newly constructed Class-A Shallow Bay Warehouse campuses. We focus on building multi-tenant warehouses that typically range from 50,000 square feet to 150,000 square feet, total, with individual bay sizes ranging from 10,000 square feet to 50,000 square feet.
Acquisition Criteria
Target Markets
Properties near major thoroughfares and residential areas in New York, New Jersey, Connecticut, Pennsylvania, North Carolina, and Florida.
Land Acquisition
- +8-Acres
- Industrial As-Of-Right Zoning
- Shovel-Ready Land (Approved Plans)
- Raw Vacant Land
- Proximity to Major Highways And Residential Areas
Building Acquisition
- +75K SF
- Functionally Built (Efficient Column Spacing)
- Bay Sizes From 5K - 50K SF
- Proximity to Major Highways And Residential Areas
Structured Credit
MORVAY, through its wholly owned subsidiary MORVAY CAPITAL, actively executes an asset-backed lending strategy. We specialize in nuanced opportunities that require flexible capital structures tailored to solve complex financial challenges. With the ability to invest deeper into the capital stack, we structure creative, bespoke financing solutions anchored by disciplined underwriting with a strong focus on downside protection.
Lending Criteria
Loan Description
Construction & Redevelopment, Transitional, Note on Note, and Note Purchases
Loan Sizing
$10M-$100M
Loan-to-Cost
Up to 85% LTC
Markets
National w/ focus on major MSA’s
Asset Type
Real Estate (Major and Special-Purpose Property Types)
Position in Capital Stack
Senior loans, mezzanine, and preferred equity
Target Situation
Rescue financing and liquidity bridges, acquisitions, refinances/recapitalizations, construction and transitional capital needs, asset repositionings, maturity defaults, and stressed/distressed situations
Term
2-4 Years
Pricing
+8%
MORVAY CAPITAL opportunistically looks at other loans that provide an outsized risk- adjusted return.
Opportunistic
MORVAY, through its wholly owned subsidiary MORVAY DEVELOPMENT, is executing on a high-impact investment strategy focused on the development of Transit-Oriented Multifamily Housing in rapidly urbanizing emerging markets. Strategically located within walkable proximity to high-capacity transit nodes, the projects offer an early-mover advantage in an underserved housing segment with explosive demand growth.
Acquisition Criteria
Asset Type
Transit-oriented multifamily housing developments.
Target Markets
Rapidly urbanizing neighborhoods in New York, Los Angeles, Miami.
Location
Best-in-class development sites within walking distance of high-capacity transit nodes.
Community Impact
Projects that enhance neighborhood connectivity, accessibility, and livability.
Design Philosophy
Projects thoughtfully designed to enhance neighborhoods and provide long-term benefit for all stakeholders.
Deal Size
Minimum $50M
Return Metrics
+2% spread between the stabilized yield on cost and the prevailing market capitalization rate.
