| | Call Details | Deerfield Capital Corp Earnings Conference Call (Q1 2008) Tue,
May 13, 2008, 11:00 am Eastern
| | About Deerfield Capital Corp
(NYSE:DFR) |
| | Deerfield Capital Corp. (DFR) is a real estate investment trust. The firm invests in real estate-related securities, commercial mortgage backed securities, bank loans, leveraged finance securities and alternative assets. It primarily provides junior debt including second lien and mezzanine and one-stop debt financings, with a limited appetite for preferred stock and non-control common equity investments. The firm invests in growth, change of control transactions, strategic acquisitions, and recapitalizations. It typically invests between $10 million to $40 million in companies with minimum annual EBITDA of $5 million with a focus on North America. The firm also invests in Western Europe. For mortgage investing, it invests in Agency and AAA-rated non-Agency loans with target duration of one year or less. For direct real estate lending, it provides mezzanine financing, platform investment, and institutional investment, For mezzanine investing, it invests in property types including office, retail, multi-family, industrial, hospitality, senior housing, and land of United States. For platform investments, it provides capital to financial companies and real estate sponsors on a platform basis through first loss financing on warehouse lines; Equity Bridge lines with a transaction size between $20 million and $90million with multiple assets as collateral. For institutional investment, the firm invests in first and second lien debt, B notes, and mezzanine offerings arranged by investment and commercial banks to real estate related companies and project finance secured by real estate. It was formerly known as Deerfield Triarc Capital Corp. Deerfield Capital Corp was founded in 2004 and is based in Rosemont, Illinois. |
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