Our Investment
Mandate
Commonwealth Mortgage Trust originates, structures, and acquires mortgage investments secured by commercial and multifamily real estate. The platform approaches each transaction from the perspective of a secured credit investor with a defined set of expectations regarding collateral, structure, and sponsorship.
Capital is deployed selectively. The platform does not seek to maximize origination volume, and transactions that do not meet the criteria below will not be considered regardless of yield or other economic terms. Selectivity is a feature of the platform's approach, not a limitation.
Counterparties who have reviewed these criteria and believe their transaction is a fit are encouraged to submit a preliminary inquiry through the platform's Transaction Inquiry portal.
Multifamily
Market-rate and workforce multifamily properties in established and emerging U.S. markets. Stabilized assets with demonstrated occupancy performance are preferred, though select transitional opportunities are considered where sponsorship and structure are compelling.
Office
Class A and Class B office assets in primary and secondary markets, with emphasis on tenancy quality, lease term, and location fundamentals. Transitional office opportunities are evaluated on a case-by-case basis with heightened scrutiny of market conditions and exit assumptions.
Industrial & Logistics
Distribution, last-mile logistics, and light industrial facilities in supply-constrained markets. The platform views industrial as a structurally supported asset class and evaluates opportunities with a focus on location, tenant credit, and lease structure.
Mixed-Use
Mixed-use assets with a dominant residential or commercial component are considered where the blended income profile supports a conservative underwriting basis and the sponsor has demonstrated experience with the asset type.
Other Commercial
Retail, hospitality, and specialty asset types are generally outside the platform's primary focus. Exceptions may be considered for well-located, necessity-oriented retail or other assets with compelling structural protections and experienced sponsorship.
Investment
Parameters
The platform targets senior secured mortgage investments across a range of structures. Specific terms are determined on a transaction-by-transaction basis following underwriting review.
Investment Type
First mortgage, senior secured
Transaction Size
Considered on a transaction-by-transaction basis
Geography
United States
Term
Typically 1–5 years; longer terms considered selectively
Rate Structure
Fixed and floating rate; structure reflects asset profile
Recourse
Full and partial recourse considered; structure-dependent
Counterparty &
Sponsor Expectations
Sponsorship quality is among the most important variables in the platform's underwriting process. The platform will not proceed with transactions where sponsorship does not meet these standards, regardless of asset quality or pricing.
Demonstrated track record with the relevant asset type and market
Adequate capitalization and financial strength to support the investment
Aligned interests through meaningful equity contribution
Clear and credible business plan with defined exit strategy
Transparency in reporting and responsiveness throughout the loan lifecycle
No material history of defaults, litigation, or regulatory action
Transactions
Not Considered
The following transaction types fall outside the platform's current mandate. Inquiries related to these categories will not receive a response.
Land and predevelopment financing
Ground-up construction without demonstrated sponsorship and pre-leasing
Highly leveraged transactions without adequate equity cushion
Speculative assets in markets with deteriorating fundamentals
Transactions where the exit analysis is dependent on a single, low-probability outcome
Sponsors without relevant experience or adequate capitalization
If your transaction meets the criteria above, submit a preliminary inquiry through the platform's Transaction Inquiry portal. Initial inquiries are reviewed on a rolling basis.