Before you can request access or make commitment to a deal you mast have the Following profile item completed:
Please click on the Complete Profile button to complete the required profile items. After you successfully complete your profile, you will be redirected back to this page and request will be processed automatically.
Chesterfield Faring, Ltd ("CFL") is privately held real estate merchant bank founded in 2006 and headquartered in Midtown Manhattan. Each senior executive at CFL has over 25 years of experience, ranging from principal investing and lending, to capital markets advisory in a range of real estate asset classes, including office, retail, multi-family, industrial, mixed use, hospitality, and land. CFL directly invests or lends in real estate asset(s), real estate portfolios, distressed debt, high- yield private preferred equity, and real estate companies both publicly traded and privately held. We have a core of investors that co-invest in each transaction side by side with us.
Arranged and advised Deutsche Bank AG and in conjunction with Deutsche Bank regarding the sale of a $595 million office building in Midtown Manhattan.
Purchased 11 distressed loans from a major institutional fund on NYC assets providing a 40% plus return.
Las Vegas. In April 2017, CFL acquired a management company that manages 30,000 residential units in Nevada for homeowners associations.
In March 2016, CFL acquired a $11 million loan pool of distressed CRE loans in NYC. CFL has realized over a 29% return on investment.
CFL incubates new talent both in the firm and in its invested companies. CFL takes first mover advantage in targeted markets overlooked by other merchant banks. For example, CFL created a CRE debt restructuring platform in March 2007, a full year ahead of the capital markets collapse. This led to over $7 billion in CRE debt restructuring assignments from CRE borrowers. Through this business, CFL's acumen gained the respect from lenders, which led to "off market" opportunities to acquire "leftover" pools of CRE loans being liquidated by major funds and banks.
We invest in people not just assets. "Newer" sponsors often don't have the track record to attract capital, but are very good at unearthing compelling opportunities. CFL identifies the sponsor's talents and provides institutional advice to assist the sponsor in getting their deals closed. In many cases, CFL will partner, or arrange a partner, to bolster the sponsor's "team" in the early years. We have multiple clients who have graduated to become sole sponsors with impressive portfolios. We continue to invest in their transactions. Thinking like a principal and investing its own capital side by side with its clients, provides a unique alignment to vet the best deals and at the best pricing.
CRE can provide solid, predictable returns. Investors in commercial real estate typically receive steady cash flow for their investments, with income generally distributed annually, quarterly or even monthly
Correlated returns mean that one investment's return is linked to the performance of another. The returns for those investments, either positive or negative, tend to move in the same direction at the same time. Commercial real estate, by contrast, is a noncorrelated investment. Its performance is not typically linked to that of the stock or bond markets.
For many people, real estate is attractive because it is a tangible asset. It’s an asset class that investors can see and touch. You can visit a property yourself to learn more about its size, condition, location and other factors that can affect earnings. If something happens to a structure on an investment property, the land is still there for rebuilding or for sale.
Not only is CRE likely to appreciate, but most owners also carry mortgages on their property. This allows them to leverage their investment dollar, while at the same time building equity in the property
With commercial real estate, there are a number of ways to reduce or eliminate capital gains. If you have purchased well-located properties, those properties should go up in value over time. Yet, for tax purposes, you can depreciate the value of the buildings over time, which helps to reduce yearly taxable income. The net effect is you are depreciating for tax purposes what should turn out to be an appreciating asset for investment
An advantage of commercial real estate is that it can offset the long- term impact of inflation. A major factor is the fact that property rents can be adjusted with inflation, which is often the result of strong economic growth.