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Palisades Regional Investment Fund II (PRIF II ) earned 16 percent in 2007, net of all fees and expenses. Palisades remains positioned to continue to outperform the marketplace based on its contrarian investment model.
“Our Fund’s best returns have historically occurred in markets of severe dislocation,” Palisades Financial Principal James F. Calvano said. “As more and more capital providers are being forced to the sidelines, our firm is actually seeing a dramatic increase in lending activity among a broad cross-section of borrowers.”
Since inception, PRIF II made 62 investments - 60 percent in multifamily residential developments, 16 percent in specialty developments and 14 percent in office markets, primarily in the New York metropolitan area. More than half of the fund’s assets are in the form of first mortgages with 40 percent allocated in second mortgage and mezzanine loans. Palisades is also targeting non-performing, distressed properties and debt for acquisition – something it has not done since 2003.
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