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
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 in the Tri State area. 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 and Pennsylvania.
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
Shallow Bay Warehouse Acquisition & Development
MORVAY, through its wholly owned subsidiary MORVAY CAPITAL, is actively providing high-yield construction financing for Shallow Bay industrial warehouse developments, delivering outsized returns by stepping into a capital gap left by traditional lenders. Leveraging our in-house development expertise, we confidently underwrite and price risk at higher leverage points, allowing us to move quickly on opportunities, secure favorable deal structures, and achieve outsized returns on a risk-adjusted basis.
Lending Criteria
Loan Description
Construction Loan & Value-Add Financing
Markets
Southeast & Sunbelt
Asset Type
Class-A Shallow Bay & Mid Bay Industrial Warehouse
Loan Sizing
$10M-$75M
Loan-To-Cost
Up to 85% LTC
Cost of Capital
Flexible, seeking risk-adjusted return
Term
2-4 Years
MORVAY CAPITAL looks opportunistically 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.
