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April 27, 2015 3:05 PM ET

Diversified Financial Services

Company Overview of Fortress Credit Corporation

Company Overview

Fortress Credit Corporation specializes in originating, structuring, and providing customized financing solutions to corporate, real estate, and asset-based borrowers. Its solutions include bridge loans to borrowers; flexible acquisition facilities for acquirers of opportunistic assets; and mezzanine or last-out secured loans to companies. Fortress Credit Corporation was incorporated in 2003 and is based in New York, New York.

1345 Avenue of the Americas

46th Floor

New York, NY 10105

United States

Founded in 2003

Phone:

212-798-6103

Fax:

212-798-6133

Key Executives for Fortress Credit Corporation

Co-Chairman of The Board of Directors, President and Member of Management Committee
Age: 50
Co-Chairman and Principal
Age: 52
Chief Financial Officer
Age: 47
Principal and Director
Age: 50
Principal and Director
Age: 58
Compensation as of Fiscal Year 2014.

Fortress Credit Corporation Key Developments

Starwood Property Trust, Inc. and Fortress Credit Corp. Co-Originate $285 Million Loan

Starwood Property Trust announced the co-origination, with an affiliate of Fortress Investment Group LLC of a $285 million loan on a portfolio of 123 Red Roof Inn Hotels totaling 14,585 rooms in 29 states. The loan is sponsored by a joint venture between Five Mile Capital Partners LLC and Westmont Hospitality Group. The Loan upsizes and extends a $275 million debt package Fortress provided to the Sponsors in August of 2011 to acquire the Portfolio. Starwood purchased the $185 million A-note on the initial loan. The current Loan is a 50%-50% pari-passu structure, with both lenders sharing economics through the last dollar of debt. The Sponsors plan to use the capital to continue to upgrade the properties. Starwood and Fortress affiliates securitized a $200 million senior A-note to increase their investment returns and retained equal portions of the Loan's related B-Note.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
September 17, 2014
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