Stratas | Commercial Real Estate Financing — Learn More
Commercial Real Estate • Learn More
Step-by-step

Commercial Real Estate Financing
built for execution.

Stratas structures, packages, and places capital for developers and operators—across the full lifecycle: soft costsconstructionbridge / stabilizationpermanent takeoutequity.

Minimum deal size $5,000,000+ CRE transactions.
Scale $1B+ funded historically • up to $1B+ available on a single deal (structure-dependent).
Debt + equity options Senior debt, bridge, mezz, preferred equity, LP/GP, JV structures.
One partner, full lifecycle We can stay with you from pre-dev through takeout—so you don’t restart the process every phase.
Phases we can cover
Soft costs Construction Bridge / Stabilization Permanent takeout Equity
Explore phases
Prefer email? [email protected] Headquarters: Las Vegas, NV
Commercial real estate skyline
Get the right structure—faster. We align the capital stack with your timeline and execution plan, then move quickly once the file is complete.
What Stratas does

A capital partner that helps you structure, package, and place.

Our job is to turn your project into a clean, underwriteable story—then match it to the right capital for the phase you’re in.

How we add value

Design the capital stack Debt, equity, or layered structures—matched to your budget, timeline, and risk profile.
Package the deal file Clean story + clean numbers + clean documents—so underwriters can move without back-and-forth.
Place capital with the right partners We prioritize fit—so you don’t waste cycles on groups that can’t execute your exact path.

What we’ll ask for

The fastest outcomes come from a complete, organized file. If you can provide these quickly, we can move quickly.

  • Sponsor + entity financials (tax returns, bank statements, PFS, P&L, balance sheet/SREO).
  • Project package (summary, pro forma, sources & uses, budget/contracts, plans, leases as applicable).
  • Approvals & compliance (entitlements/permits, EIN docs, and third-party reports as applicable).
Capital Stack Explorer

Choose your current phase (or the phase you’re targeting).

Pick a phase to see what we typically structure, what matters most, and what we’ll need to review quickly.

Soft costs / pre-development

Pre-development capital to keep momentum before vertical build—so design, entitlement, and early execution don’t stall.

Typical term6–24 months
Leverage~50–75% LTC
StructureOften interest-only
  • Architecture + engineering, entitlements, permits, and municipal fees
  • Environmental, appraisal, survey, soils reports, and third-party items
  • Legal, insurance, and early marketing / pre-leasing costs tied to development
  • Clear sources & uses + sponsor equity verification to avoid rework later
Fast‑Track Readiness

Move faster with a complete, shovel‑ready file.

Timelines compress when the file is clean, complete, and the project is truly ready. Use the checklist below as a quick self‑audit.

Quick readiness score

Check what you already have. The more you can confirm up front, the fewer diligence surprises slow the process.

Readiness 0 / 7 confirmed
Apply for CRE What docs do we need?
Confirm as many items as possible before submission.
Docs Needed

Submit a complete file (so nothing gets missed).

A complete submission allows us to structure correctly, avoid delays and rework, and move into underwriting with confidence.

Complete submission checklist

Use clear file names and upload everything into the secure folder you receive after applying.

Download Success Guide
A) Sponsor + entity financials
  • Last 3 years tax returns (sponsors + relevant entities)
  • Last 6 months bank statements (entities)
  • Personal Financial Statement (PFS) for each sponsor
  • Entity P&L
  • Entity balance sheet or Schedule of Real Estate Owned (SREO)
B) Project overview + underwriting package
  • Short project summary (clear written overview)
  • Project pro forma
  • Requested terms (amount, structure, timeline, use of funds)
  • Construction budget/estimate (with contracts if applicable)
  • Site + building plans
  • Leases (as applicable)
  • Appraisal (if available)
C) Approvals + compliance items
  • Entitlements
  • Permits (if applicable / available)
  • EIN documentation
D) Sponsor profile
  • Sponsor bio / resume with relevant track record
  • Ownership structure overview (who’s in the deal and in what role)
E) Common additional items (deal-dependent)
  • Property Condition Assessment (PCA)
  • Title report
  • Payoff statement (for refinances)
  • Other third-party reports needed to close cleanly
Preferred file name format: “Document Name – Sponsor/Project – Identifier – Month/Year”.
The Process

How a deal moves from submission → underwriting → closing.

This is the flow we use to keep files organized, accurate, and moving quickly.

1

Submit your initial request

Start with the Apply form. A lending specialist will reach out to confirm basics and create your secure upload folder.

  • Apply → we confirm details
  • You receive a secure upload folder
  • Upload everything there so nothing gets missed
Apply for CRE
2

Build a complete, submission‑ready file

A complete file is what allows accurate structuring and prevents delays. Missing items almost always add time.

  • Financials + project package + approvals
  • Clear file naming (we can help)
  • Notify us when uploads are complete
View checklist
3

Review + Executive Summary approval

We review for completeness, then build an Executive Summary that captures the story, structure, and key numbers.

  • We draft the Executive Summary
  • You review and approve for accuracy
  • Then we can confidently present to partners
4

Partner matching + underwriting flow

Your file is presented to partners aligned with your structure and timeline. Underwriters may request follow‑ups.

  • Right partners first (fit matters)
  • Fast responses keep momentum
  • Updated docs when requested
Call 725-257-5354
Primary CRE use cases

Built for developers. Built for operators.

Our #1 customer is the developer/operator who needs a capital partner that can structure the stack, package the file, and place capital efficiently—without wasting cycles on mismatched sources.

Multifamily development

Multifamily development

Ground‑up and value‑add executions—structured across phases so you can keep momentum.

$20M–$150M+Common deals
60–80% LTCConstruction
Bridge → PermTakeout path
  • Soft costs / pre‑dev
  • Construction IO
  • Lease‑up / stabilization
  • Agency / bank / CMBS
Hotel

Hotels

New build, reposition, or refinance—structured for brand, market, and ramp‑up risk.

$20M–$150M+Common deals
Constructionor bridge
Takeoutperm options
  • New build
  • Renovation / PIP
  • Bridge → perm
  • Brand‑aware underwriting
Community development

Community development

Mission‑driven and mixed‑use projects—structured with leverage, timelines, and partner fit in mind.

$15M–$50M+Common deals
Stacked capitaloften needed
Execution focusrealistic terms
  • Construction
  • Bridge / stabilization
  • C‑PACE (where applicable)
  • Preferred equity / JV
Assisted living and senior housing

Assisted living & senior housing

Specialized stacks built around operations, timelines, and underwriting realities.

$25M–$150M+Common deals
Debt + equityhybrid stacks
Long termsperm options
  • Construction + lease‑up
  • Preferred equity
  • Non‑recourse perm
  • HUD / agency (select)
Data centers and critical infrastructure

Data centers & critical infrastructure

Structured capital for technical projects—aligned to diligence and partner appetite.

$30M–$150M+Common deals
Layered stackssenior + more
Partner fitmatters most
  • Construction financing
  • Bridge / stabilization
  • JV / preferred equity
  • Private credit
Portfolio refinance

Portfolio refinance

Refi or recap a portfolio—rate/term, cash‑out, or repositioning capital.

$20M–$150M+Common deals
Recourseor non‑recourse
Bank / CMBSAgency (select)
  • Rate / term
  • Cash‑out
  • DSCR focus
  • Portfolio story

Have a deal in one of these categories?

Get a quick fit check, then we’ll tell you exactly what we need to move quickly.

Stratas | Commercial Real Estate Financing — Learn More (Mobile)
Commercial real estate skyline
Commercial Real Estate • Learn More
Step-by-step
Get the right structure—faster. We align the capital stack with your timeline and execution plan, then move quickly once the file is complete.

Commercial Real Estate Financing
built for execution.

Stratas structures, packages, and places capital for developers and operators—across the full lifecycle: soft costsconstructionbridge / stabilizationpermanent takeoutequity.

Minimum deal size $5,000,000+ CRE transactions.
Scale $1B+ funded historically • up to $1B+ available on a single deal (structure‑dependent).
Debt + equity options Senior debt, bridge, mezz, preferred equity, LP/GP, JV structures.
One partner, full lifecycle We can stay with you from pre‑dev through takeout—so you don’t restart the process every phase.
Phases we can cover
Soft costs Construction Bridge / Stabilization Permanent takeout Equity
Prefer email? [email protected] Headquarters: Las Vegas, NV
What Stratas does

A capital partner that helps you structure, package, and place.

Our job is to turn your project into a clean, underwriteable story—then match it to the right capital for the phase you’re in.

How we add value

Design the capital stack Debt, equity, or layered structures—matched to your budget, timeline, and risk profile.
Package the deal file Clean story + clean numbers + clean documents—so underwriters can move without back‑and‑forth.
Place capital with the right partners We prioritize fit—so you don’t waste cycles on groups that can’t execute your exact path.

What we’ll ask for

The fastest outcomes come from a complete, organized file. If you can provide these quickly, we can move quickly.

  • Sponsor + entity financials (tax returns, bank statements, PFS, P&L, balance sheet/SREO).
  • Project package (summary, pro forma, sources & uses, budget/contracts, plans, leases as applicable).
  • Approvals & compliance (entitlements/permits, EIN docs, and third‑party reports as applicable).
Capital Stack Explorer

Choose your current phase (or the phase you’re targeting).

Swipe through phases to see what we typically structure, what matters most, and what we’ll need to review quickly.

Want a quick fit check? Apply and we’ll tell you exactly what we need to move fast.

Fast‑Track Readiness

Move faster with a complete, shovel‑ready file.

Timelines compress when the file is clean, complete, and the project is truly ready. Use the checklist below as a quick self‑audit.

Quick readiness score 0 / 7 confirmed
Apply for CRE What docs do we need?
Confirm as many items as possible before submission.
Docs Needed

Submit a complete file (so nothing gets missed).

A complete submission allows us to structure correctly, avoid delays and rework, and move into underwriting with confidence.

Complete submission checklist

Use clear file names and upload everything into the secure folder you receive after applying.

Download Success Guide
A) Sponsor + entity financials
  • Last 3 years tax returns (sponsors + relevant entities)
  • Last 6 months bank statements (entities)
  • Personal Financial Statement (PFS) for each sponsor
  • Entity P&L
  • Entity balance sheet or Schedule of Real Estate Owned (SREO)
B) Project overview + underwriting package
  • Short project summary (clear written overview)
  • Project pro forma
  • Requested terms (amount, structure, timeline, use of funds)
  • Construction budget/estimate (with contracts if applicable)
  • Site + building plans
  • Leases (as applicable)
  • Appraisal (if available)
C) Approvals + compliance items
  • Entitlements
  • Permits (if applicable / available)
  • EIN documentation
D) Sponsor profile
  • Sponsor bio / resume with relevant track record
  • Ownership structure overview (who’s in the deal and in what role)
E) Common additional items (deal-dependent)
  • Property Condition Assessment (PCA)
  • Title report
  • Payoff statement (for refinances)
  • Other third-party reports needed to close cleanly
Preferred file name format: “Document Name – Sponsor/Project – Identifier – Month/Year”.
The Process

How a deal moves from submission → underwriting → closing.

This is the flow we use to keep files organized, accurate, and moving quickly.

1
Submit your initial request Apply → confirm basics → receive your upload folder.

Start with the Apply form. A lending specialist will reach out to confirm basics and create your secure upload folder.

  • Apply → we confirm details
  • You receive a secure upload folder
  • Upload everything there so nothing gets missed
2
Build a complete, submission‑ready file Completeness prevents delays and rework.

A complete file is what allows accurate structuring and prevents delays. Missing items almost always add time.

  • Financials + project package + approvals
  • Clear file naming (we can help)
  • Notify us when uploads are complete
3
Review + Executive Summary approval We write the story + you confirm accuracy.

We review for completeness, then build an Executive Summary that captures the story, structure, and key numbers.

  • We draft the Executive Summary
  • You review and approve for accuracy
  • Then we can confidently present to partners
4
Partner matching + underwriting flow Fit first → follow-ups → closing.

Your file is presented to partners aligned with your structure and timeline. Underwriters may request follow‑ups.

  • Right partners first (fit matters)
  • Fast responses keep momentum
  • Updated docs when requested
Primary CRE use cases

Built for developers. Built for operators.

Our #1 customer is the developer/operator who needs a capital partner that can structure the stack, package the file, and place capital efficiently—without wasting cycles on mismatched sources.

Have a deal in one of these categories?

Get a quick fit check, then we’ll tell you exactly what we need to move quickly.

Copied

Commercial Real Estate • Debt + Equity

Capital for developers—across the full CRE lifecycle.

We can finance every phase: soft costsconstructionbridge / stabilizationpermanent takeout. Deal- and structure-dependent.

Up to $1B+ on a single project* Founded 2020$1B+ funded (historical volume)* Minimum CRE deal size: $5M+*
Stratas logo

Stratas

Where capital meets execution.

Stratas is a commercial financing brokerage built to help sponsors and operators structure, package, and place capital efficiently—across debt, equity, and hybrid solutions.

Have a quick question? Message us on X.

CRE: Phases We Finance

  • Soft costs / pre-development
  • Construction (ground-up / heavy rehab)
  • Bridge to stabilization (lease-up)
  • Permanent takeout (long-term debt)
  • Equity / preferred equity / JV when needed
Common stack options
Senior debt C‑PACE (where applicable) Preferred equity Mezz + equity

Contact

8275 South Eastern Avenue Suite 200-783 Las Vegas, Nevada 89123

© Stratas. All rights reserved.