Redstone Capital Group, LLC (“Redstone”) is a boutique real estate investment bank that raises equity, mezzanine and debt financing for its own account and for its clients. Redstone utilizes an extensive set of relationships with institutional and high net worth sources of capital to provide custom tailored financing solutions. Redstone aggressively seeks out the most attractive terms available in the market at any given time, and works rapidly to close transactions. Redstone has worked on apartment, condominium, retail, and hotel transactions.

Some closed deals include the sale of a major Brooklyn mixed-use apartment loft building for $68.0 million; raising $32 million for the purchase of an historic mansion on New York’s Upper East Side off of Fifth Avenue. This included raising the entire capital stack of preferred equity, sponsor equity, and a senior bridge loan; again raising the entire capital stack of preferred equity and the senior debt totaling $11.5 million for the acquisition of a shopping mall; raising $10.8 million in preferred equity for two additional shopping centers; raising $7.2 million in preferred equity for the acquisition of an apartment building; obtaining $4.5 million in mezzanine financing for a condominium project in West Palm Beach, Florida; and obtaining an $8.5 million bridge loan for the acquisition of a development site on the East Side of Manhattan in the 90’s.

Redstone was formed by Alan Rosenstein, who has in excess of 30 years in the real estate industry as an owner/manager, commercial lender, bank workout professional, real estate broker, consultant and appraiser. His background in banking and credit allows him to provide readily understandable underwriting presentations to funds and institutions, which helps facilitate a quick approval time.

Previously, Mr. Rosenstein was a partner in a company he co-formed in April, 1998, that acquired and managed approximately 1,800 apartment units and 42 commercial stores, encompassing over 50 buildings with a total cost of approximately $55 million in the New York and New Jersey markets. This was a value added portfolio, which upon completion of the renovation of the common areas and apartments caused average rents to increase from $410 per month to over $850 per month. This Company developed revenues of over $13 million, and had $650K in management fees from an in-house management company. Mr. Rosenstein had responsibilities in the area of acquisitions, financing, and asset management for this portfolio.

Prior to his activities in multifamily acquisitions, Mr. Rosenstein spent eighteen years in commercial banking. This experience included seven years at the Fuji Bank, Ltd., where he was a Deputy General Manager in charge of real estate credits (1991-1998). At Fuji, he managed the credit decisions on a $5 billion portfolio of bank real estate loans that were strategically reduced to less than $1 billion. From 1994-1998, he organized the New York, Los Angeles and Chicago offices of the bank in a successful Note Sale Programs, disposing of $1.35 billion in loans and real estate; he restructured over $335 million in problem loans; and took title to over $57 million in assets. He utilized various disposition strategies to maximize the proceeds of each sale, and successfully worked with the bank’s attorneys in developing foreclosure and bankruptcy strategies that resulted in summary judgments, successful foreclosure actions and favorable plans of confirmation in bankruptcy court.

Before joining Fuji, Mr. Rosenstein worked at Citicorp Real Estate (CRE) for eleven years (1979-1991). At CRE, he was active in both the real estate workout and lending areas, closing over $675 million in new loans. These included major residential condominium and office construction loans in New York City.

Mr. Rosenstein gained workout experience over a six-year period at Plaza Realty Investors (1973-1979), a mortgage REIT, where he was Vice President in charge of a national real estate portfolio. In the early 1970’s, Mr. Rosenstein worked at the Department of Housing and Urban Development (HUD) where he was a Federal Housing Administration (FHA) underwriter of apartment projects in the New York Area Office.

Mr. Rosenstein has an undergraduate degree from the Wharton School, and holds a Master’s degree in Urban Planning from Columbia University’s School of Architecture. He is also a New York State licensed real estate broker.