New York & Tri-State + Midtown New York + Finance | January 22, 2019

Lightstone Launches CRE Debt Platform

National real estate investor and developer Lightstone has launched a real estate debt platform, Lightstone Capital. It has hired Eugene Rozovsky, previously with Madison Realty Capital, to oversee and manage the new platform as SVP of real estate debt strategies.

“Our decades of experience across every real estate sector allow us to see value and uncover opportunities where other lenders cannot,” said David Lichtenstein, Lightstone chairman and CEO. “As a developer, we understand the borrower’s perspective and needs, and we recognize their desire for a reliable lender that can work quickly.”

With plans to close $500 million of financing in its first year, Lightstone Capital’s target loans range in size from as $3 million up to $100 million, secured by real estate assets located in gateway markets including New York, Miami, and Los Angeles. The new platform will also consider strong projects in secondary markets.

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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).