Business Details
24 Years
experience
Your Trusted Partner for Commercial Real Estate Financing
Larew Doyle & Associates (LD&A) has been a trusted leader in commercial real estate financing since 2002, delivering tailored debt solutions for complex transactions. Our team combines decades of industry experience with a vast network of institutional and private lenders to secure bridge loans, construction financing, permanent loans, and specialized credit tenant lease (CTL) financing. We specialize in navigating high-risk, time-sensitive deals, including historic tax credit projects and non-recourse life insurance company loans, while prioritizing long-term client relationships. Our expertise spans acquisition financing, value-add strategies, and stabilized property solutions, ensuring clients access optimal capital structures. With offices across the Northeast and Florida, we serve regional and national markets, leveraging deep local market knowledge. Our commitment to transparency, creative problem-solving, and end-to-end service has earned us recognition as a top advisor for over $3.5 billion in placed financing.We maintain rigorous compliance with underwriting standards while offering flexible prepayment terms and competitive rates. Our professionals hold leadership roles in industry organizations, reinforcing our authority in commercial real estate finance. By focusing on client-specific needs rather than generic rate quotes, we consistently transform complex challenges into successful closings. This dedication to advocacy and innovation underpins our reputation as a go-to partner for commercial real estate debt.
Services
Bridge Debt Capital
Credit Tenant Lease Financing
Construction Loans
Mini-Perm Loans
Perm Loans
Historic Tax Credit Financing
Details
- Year established: 2002
Highlights and features
- We offer 40+ years of experience in commercial real estate finance and capital markets.
- Our team secures financing for complex transactions with non-traditional risk profiles.
- We provide access to a diverse network of institutional, private, and government-backed lenders.
- Our professionals hold leadership roles in industry organizations like SIOR and NAHB.
- We specialize in historic tax credit financing and CTL loan structures exceeding $500M.
What people say
Trusted financing advisor
No one else we would work with
Successfully built Rhode Island's first Hyatt
Creative capital solutions
Exceptional beginning-to-end service
Services
Bridge Debt Capital
Bridge debt capital provides short-term financing for value-add real estate transactions requiring 80-85% loan-to-value coverage. Our market-driven pricing floats over indices with terms of 2-5 years, underwritten to debt coverage ratios of 1.0-1.5x existing cash flow. We secure these loans from institutional and private lenders for time-sensitive acquisitions needing rapid capital deployment.
Credit Tenant Lease Financing
CTL financing structures 100% cost-coverage loans based on tenant credit ratings rather than property LTV constraints. These non-recourse, self-liquidating loans feature 20-30 year fixed rates for properties leased to investment-grade tenants. Our team specializes in arranging these hybrid real estate/corporate finance solutions for stabilized assets in sectors like healthcare and government-leased facilities.
Construction Loans
Our construction loans fund new development or major renovations with floating or fixed-rate terms up to 3 years. These fully recourse loans cover active construction periods and lease-up phases, transitioning to mini-perm financing upon stabilization. We've arranged over $3.5 billion in construction capital for mixed-use, hospitality, and multifamily projects nationwide.
Perm Loans
Permanent loans offer long-term rate protection for stabilized properties through life insurance company partnerships. Our non-recourse solutions provide fixed rates up to 30 years without annual LTV or debt service covenants. We service these loans from payment collection through lease approvals, ensuring seamless long-term management for commercial property owners.
Historic Tax Credit Financing
We structure complex historic tax credit financings that bridge timing gaps between project costs and tax credit proceeds. This expertise transforms underutilized mill buildings into vibrant mixed-use developments by combining bridge loans with long-term permanent financing. Our regional experience includes navigating environmental, historic, and government agency requirements for successful project completion.
People
Andrew E Larew
Principal
Andrew Larew co-founded LD&A with 40+ years in commercial real estate finance. He previously managed $250M+ loan portfolios and directed real estate recapitalization projects. His expertise spans mortgage banking, distressed asset management, and development financing.
Alan J Doyle
Principal
Alan Doyle brings 40 years of New England real estate finance experience. As former VP at Fleet Bank and COO of F.H. French Company, he specializes in lender relationship management and complex transaction structuring for commercial developments.
Alex Hurwitz
Senior Vice President
Alex Hurwitz has 20+ years in commercial real estate finance, including NYC multifamily development and GSE loan underwriting. He leads LD&A's NYC homeless shelter financing initiatives, arranging $400M+ in construction loans backed by the Department of Homeless Services.
Christine Wojcik
Director of Asset Management
Christine Wojcik oversees NYC underwriting and loan servicing with 30+ years in commercial real estate finance. Her background includes senior roles at JP Morgan and Fleet Bank, managing mortgage origination and loan workout portfolios.
Jeff Miller
Senior Vice President
Jeff Miller joined LD&A in 2023 with 40 years in institutional real estate fund management. He previously acquired and managed U.S. property portfolios for Australian investors and held leadership roles in affordable housing development and capital raising.
Questions
What types of commercial real estate loans do you specialize in?
We specialize in bridge loans, construction financing, permanent loans, credit tenant lease (CTL) financing, and historic tax credit financing solutions for commercial properties.
How do you handle complex or high-risk financing transactions?
Our team leverages 40+ years of combined experience to structure creative solutions for non-traditional deals, including collateral swaps, hybrid financing models, and government incentive programs.
Can you assist with financing for historic property renovations?
Yes, we specialize in historic tax credit financing that bridges timing gaps between project costs and tax credit proceeds while combining multiple capital sources.
What geographic markets do you serve?
We operate nationwide with primary focus on New England, New York, and Florida markets through our regional office network.
How do credit tenant lease (CTL) loans differ from traditional CRE loans?
CTL loans are underwritten based on tenant credit ratings rather than property LTV, allowing 100% cost coverage with non-recourse, long-term fixed-rate structures.
What experience do your team members have in real estate finance?
Our principals have 40+ years average experience in commercial real estate finance, including roles at major institutions like Citibank, Fleet Bank, and Travelers Realty Investment Company.
