ABOUT US

A Business Offering Real Estate Financing Options

Introduction to Reliq Capital Partners

We target primarily unique real estate assets and medical facilities throughout the United States that own their real estate and have a need to maximize liquidity. Real estate development, acquisition financing, and sale-leaseback financing are our three areas of expertise.

Our sale-leaseback model is an alternative off-balance sheet hybrid debt instrument for capital-constrained, middle-market credits. Although substantially larger transactions have interest to us, we target real estate with a fair market value between $10M and $150M.

In contrast to the subordinated or term-debt capital provided by conventional mezzanine and asset-backed lenders, Reliq’s capitalization model:

  • Improves liquidity by transferring real estate equity into cash
  • Is priced competitively with financing vehicles available only to larger entities (mezzanine debt, bond financing, etc.)
  • Increases the availability of proceeds
  • Eliminates the depreciation associated with owned real estate assets
  • Does not include dilutive equity participation through options or warrants
  • Improves credit ratings by de-leveraging the balance sheet and improving coverage ratios.
  • Competes favorably with private equity capital and allows control of the real estate to return to the original owner/operator

How a Transaction is Structured With Reliq Capital Partners

First: The property owner/operator contacts us and provides both pre and post-transaction financial statements. A discussion would take place describing the current condition of the operator, the facility, and the use of proceeds.

Second: A lease with a repurchase option is tailored to the needs of the client. Typically, this is a 20-year lease with a one-time right to repurchase the property.

Third: If the repurchase option is not exercised, the operator remains a tenant for the entire length of the lease.

Healthcare is foremost on the target client list with operators in the acute care hospital, skilled nursing, and psychiatric centers being highly desired. Both for-profit and not-for-profit hospitals are considered. On a selective basis, commercial and industrial property users are also well suited to Reliq’s program.

Reliq has the ability to structure a capital program to meet the various corporate and real estate requirements for short-term and long-term objectives. We have the capital and management resources to respond quickly to investment opportunities and the capacity to fund within thirty days from signing a purchase and sale agreement.

In short, Reliq offers a broad range of funding solutions with certainty of execution.

The Founders

Howard Levine

Managing Director

Howard Levine is a highly respected California attorney with over 25 years of legal and business experience. Trained as a bankruptcy and restructuring lawyer, he has been responsible for $250M+ of financings and has a great deal of experience in healthcare and real estate-related bankruptcies.

Mr. Levine served as outside counsel and a member of the governing board of a Los Angeles-based acute care hospital and psychiatric facility where he gained valuable knowledge of the inner workings and financial needs of local healthcare facilities.

Mr. Levine also founded and served as general counsel to two venture capital-backed companies that raised $40M from early-stage investors. He was formerly of counsel to Cypress LLP a law firm specializing in private equity, intellectual property, and business litigation.

Mr. Levine graduated from Benjamin N. Cardozo School of Law and lives in Los Angeles, California.

Dan McComb

Managing Director

With over 25 years as a commercial real estate developer, leasing agent, investor, and operator of sale-leaseback companies, Mr. McComb brings extensive experience to Reliq Capital Partners.

He has performed in excess of $200M in transactions with middle-market companies throughout the U.S. working with top firms such as Trammell Crow Company and Asset Funding Group.

His most recent posting was managing the day-to-day operations of a national sale-leaseback firm in which he led the successful acquisition, debt restructuring, and disposition of the fund’s national portfolio.

Mr. McComb is a native of California, educated at Stanford, and resides in New York City.