Investment Capital and Strategic Consulting.
Investments
Intricate Bay focuses on the sourcing, financing, and principal ownership of real assets with an emphasis on affordable multifamily housing. We create value for investors by looking across historically separate markets to find niche, often hidden, opportunities.
2022
Multifamily Debt
Raised $126 million across three funds to purchase and restructure cash escrow accounts supporting pools of senior mortgages on affordable multifamily housing properties.
Investment
Affordable Multifamily Housing
2023
Multifamily Equity
Partnered with Tangram to launch a $72 million fund that acquired 18 affordable housing properties consisting of 2,312 apartments in 10 states using both equity and mezzanine financing.
Investment
Affordable Multifamily Housing
2024
Transitional Housing
Joint ventured with Slate Property Group to acquire a $105 million, 289 key hotel in Manhattan and convert it into transitional housing serving homeless adult families.
Investment
Transitional Housing
2025
Multifamily Equity
In conjunction with Tangram, acquired $150 million of equity in project based Section 8 and Section 42 real estate assets.
Investment
Affordable Multifamily Housing
Consulting
Intricate Bay provides management consulting to real estate owners, developers, and lenders as well as banks, broker-dealers, and non-profits. We help clients navigate complex financial and operational challenges, optimize capital structures, and scale through organic growth and acquisitions.
2022
GP Financings
Evaluated various alternatives for four different portfolios of affordable multifamily housing projects, resulting in over $1 billion in general partnership interest securitization proceeds.
Consulting
Real Estate Finance
2024
Business Strategy
Advised a leading mortgage servicer in its sourcing, evaluation, and acquisition of over $2 billion in Fannie Mae DUS mortgage servicing rights.
Consulting
Product Development
2024
Business Strategy
Engaged by a leading regional broker dealer to evaluate strategic opportunities to enhance capital efficiency in a new loan securitization business.
Consulting
Product Development
2025
Business Strategy
Consultant to a leading CDFI to find and evaluate new opportunities and improve efficiencies. The engagement recently resulted in the refinancing of a $180 million construction loan portfolio and the launch of a new loan servicing business.
Consulting
Capital Optimization
