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NAI, Bluestone Form Capital Venture

PRINCETON, NJ-The two firms are looking to work out "creative solutions" for companies looking for financing in a tough market.

By Eric Peterson | Updated on November 10, 2008

PRINCETON, NJ-The challenging financial times are forcing more companies to find creative alternatives to get money, and two major players have hooked up in a new venture that hopes to get some dollars into the real estate pipeline. NAI Global, based here, has signed a deal with the Philadelphia-based investment banking firm Bluestone Real Estate Capital to work out what officials term “creative financing solutions.”

“The turmoil in today’s capital markets has had a tremendous impact on lenders, who need help working through problems in their commercial real estate mortgage portfolios,” says Jeffrey M. Finn, president and CEO of NAI Global. “And property owners and investors are having trouble finding the financing they need for existing projects and new investments.

“NAI Bluestone Real Estate Capital will work with lenders, property owners and investors to arrange debt and equity financing for commercial real estate assets,” he says. “We will also work with banks and other financial institutions on asset recovery strategies for non-performing and underperforming real estate assets, including asset evaluation, repositioning and the disposition of properties and loans.”

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