The following testimonials are
designed to provide you with a snapshot of the level of service
provided by BridgePoint to our clients.
Developers
"I would like to acknowledge our appreciation for the
professionalism and hard work that everyone at BridgePoint Ventures
put forth in partnering with our firm to promote our current
development, the Mandarin Oriental, Chicago.
As a result of the combined sales efforts of BridgePoint's sales
team and affiliate relationships, the $223 million in total sales
of Mandarin units allowed Palladian Development to secure its
construction financing with our bank. Furthermore, the sales
momentum generated by BridgePoint's participation has provided us
with a unique competitive advantage especially in a market
environment such as the one we currently find ourselves in.
Please extend my thanks to everyone at BridgePoint and we look
forward to working with you on future projects."
Chris Kenny
Kenny Construction
Chief Financial Officer
Palladian Development
The Mandarin Oriental Chicago
"We were originally introduced to Bridgepoint Ventures in early
2009, at a time when the market was at a real low point of its
depression, and we were looking for new ways to increase our rate
of sale and go against that market.
Since that first introduction little
more than a year ago, we have processed transactions on over
£40million GBP worth of real estate with Bridgepoint and its
partners across two of our UK based development projects, even in
this stagnant market. That's almost 200 individual units in
addition to our traditional sales avenues, which continue in tandem
as they had done previously. We've not had to sacrifice other good
working relationships in favour of the Bridgepoint approach.
We do retain a commitment to
Bridgepoint's investors on these projects based of the investment
strategy we have chosen, but the bottom line for us has been the
injection of new business we have been able to write over this
crucial period.
As with any new relationship, it's
been a voyage of discovery for both Bridgepoint and us over the
first year. However, we now have a solid platform and relationship
in place with the Bridgepoint team, and we are jointly looking
forward to the launch of new projects in 2010.
As a property developer trying to find
the right platform in a difficult market, we are happy that we are
heading in the right direction with Bridgepoint. I would happily
recommend their services to any industry colleagues."
Andrew
Green
Developer
"Having worked closely
with BridgePoint Ventures over the last year, I have been
impressed with the efficiency, transparency and general expertise
that this property investment leader has been able to offer us.
Through presenting us with unique
investment strategies and really thinking "outside the box" to help
us move forward with our development in especially difficult market
conditions, they effectively sold out our initial project with them
in the space of just 7 months, achieving unit sales in triple
figures. A truly impressive performance given that other developers
were being left high and dry from the global market fall-out.
We will certainly be working closely
with them in the future and benefiting from their highly effective
sales operation and their innovative and exclusive investment
strategies.
Providing you are a forward thinking
company which is open to applying unique sales strategies to
achieve sales, I would be confident in recommending the BridgePoint
service and expertise to anyone who is serious about selling
property even in the toughest market conditions."
Paul Ellis
Managing
Director
The Skelwith Group
Investors
"As a longtime investor in both the real estate and stock
markets, I have come to realize that although both offer great
opportunity; that opportunity comes with great risk and volatility.
Since preservation of capital has become high on my priority list
for investing, the BridgePoint investment model has been ideal.
Offering downside protection, minimum fixed returns, great upside
potential and minimal risk makes partnering with BridgePoint an
integral part of my investment strategy. I have found the
BridgePoint management team to be energetic, hard-working and
possessing an innate ability to continually adapt and modify the
model to continuously allow partners such as myself the ability to
profit in today's very difficult real estate environment. Over the
last twelve months, I have invested in five BridgePoint projects;
two of which have been completed, returning both my original
investment and a handsome profit. The bottom line is the
BridgePoint model works because it is completely engineered to
protecting the investing partner's capital."
Stephen Cormier
BridgePoint Client
Ex CEO of Oil Distribution Company
Marco Island, Florida
"Thank you BridgePoint for once again making it happen for us
partners. I don't know how you do it, but you do even with today's
difficulties in the real estate/lending market. Thank you for
always doing exactly what you say you're going to do and for all of
the due diligence you do so I don't have to. We're so excited to
have another BridgePoint project completed. Receiving a profit plus
interest check is always a fun thing to celebrate."
J and M Cottrell
BridgePoint Client
Commercial Aviator
Hermitage, TN
"I have been very impressed by Bridgepoint's commitment to
myself as a valued long-term partner, rather than a disposable
client. In these troubled times, that refreshing attitude really
stands out from the crowd."
Robert D.
Real Estate Investor
United Kingdom
"Thanks for the opportunity. It's easy to blame others when
things go wrong and over the past few years most of my investments
went south, except for BridgePoint's. Although the Mandarin
Oriental project did not get off the ground, which is
understandable in this economy, we did not lose a dime of our six
figure investment. That's incredible and a function of
BridgePoint's knowledge and professionalism, not to mention your
ethics in putting the partners first in the equation. Feel free to
have anyone call me regarding BridgePoint. Thanks again."
K and M
Investors
California
Lending Institutions
"I represent a private equity group with a diverse client base
within the residential and commercial development community. The
financing requests we typically receive require complex capital
structure arrangements and lately, possess exceedingly conservative
underwriting standards. A shrinking in the supply of liquidity
pools for developers has created the need for a strategy to improve
project strength and create a definable, measurable exit strategy.
Working with one such Southwest based developer; we were introduced
to BridgePoint Ventures. We were negotiating and underwriting a
multi-phase, multi-site residential development requiring
significant pre-sales as a funding condition. Prior to engaging
BridgePoint in June, our experience within the pre-sale community
was very limited due to its vague operational platform and organic
housing demand remaining at exceedingly high levels for multiple
quarters.
Their business model has recognized the key relationship between
builder and bank, reduction of risk. Quality projects could not be
confidently engaged without a defined exit strategy in times of
inventory surplus. BridgePoint's pre-sale strategy provides
builders and developers with a time management tool in construction
financing and can assemble the necessary instruments in a precise,
agile, and transparent manner that unlocks access to funding
sources previously out of reach. Not only are they a valued partner
in our financing executions, they are a significant "value add"
during the underwriting process. I have worked closely with all
members of BridgePoint Ventures' senior staff and find their
ability to execute at market speeds makes them an invaluable tool
in our commercial and residential financing offerings. We look
forward to a mutual development of our business relationship and
can recommend the same."
David Globke
Real Estate Investment Banker
"My firm has led the financing efforts on behalf of the $500
million Mandarin Oriental Chicago hotel and condominium project. I
have been extensively involved with BridgePoint Ventures, which is
investing in a large number of Mandarin Chicago units. I can
unequivocally recommend BridgePoint as a credible, sophisticated,
reliable and effective participant in the development of our
project. BridgePoint worked with us and our construction and
mezzanine lenders to tailor its investment program to our needs.
They have been flexible in accommodating the many requirements of
our project and its investors and lenders, and have achieved all of
the presale commitments which they undertook, on a timely basis.
Furthermore, their extensive team of professionals has been a
pleasure to work with. I will be pleased to speak to any person
considering doing business with BridgePoint to more fully discuss
my own favorable experiences."
Stuart Lederer
Managing Director
APC Realty Advisors
Strategic Partners
I have been asked to write this letter of reference because my
company, PropertyVestors, has been a partner of BridgePoint
Ventures and I have worked intimately with members of their
Executive Team - most specifically Eric Jafari and Chris Cormier.
In fact, BridgePoint Ventures has been one of our premier partners
for over two years. Accordingly, I have no hesitation in
recommending them as a company with which to do business.
PropertyVestors is a real estate investment firm advising over
seven hundred investors. Due to the fiduciary relationship we have
with our clients, we perform thorough due diligence on investment
opportunities prior to offering them to our clients. I have
personally invested funds into a number of their direct investment
opportunities including their most recent offering - the Mandarin
Oriental in Chicago. In each of the opportunities, I have been
impressed with their streamlined approach and I am quite
comfortable in endorsing the individuals I have worked with at
BridgePoint.
As far as a company with which to do business, BridgePoint is
one of the most creative and solution oriented firms I have worked
with. They have consistently adapted to the dynamics of the real
estate environment continuously evolving their investment
strategies and documentation to hedge and profit from the market
conditions. Their thorough documentation and due diligence process
has helped protect our clients from the recent US market downturns
experienced in 2007/08. Based on our experience, any investor, both
private and institutional alike, should be very pleased to partner
with BridgePoint. Whether you are investing in their capital
enhancement product, structured distressed notes and/or investing
in any of their domestic and/or global alternative investment
funds, rest assured that you are in good hands.
Shawn Barry
Principal
PropertyVestors LLC