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Ordeg Capital
ENES — Español — coming soon. Bilingual service is available today by phone and email.

Miami-Dade · Broward · South Florida

STRUCTURED CAPITAL FOR MIAMI COMMERCIAL REAL ESTATE

Debt placement, preferred equity, acquisitions, and cash-out recapitalizations from $3MM to $250MM — multifamily, hospitality, and industrial across Miami-Dade and Broward.

Submit a DealSee Recent Closings

How capital sits

THE STACK BEHIND EVERY CLOSE

Senior debt, mezzanine, preferred equity, and sponsor equity each have a job. Ordeg builds the stack around the business plan — not the other way around. Tap a layer for the plain-English role.

  1. Permanent, bridge, or construction debt that funds the bulk of the project and sets the boundaries for everything above it.

  2. Sits behind senior debt to stretch proceeds when the business plan needs more than first-position leverage alone can deliver.

  3. Gap capital that finishes the stack while day-to-day control stays with the sponsor — priced and timed to the plan.

  4. The sponsor’s own capital at the top of the stack — the layer that aligns incentives and absorbs residual risk and upside.

Descriptive only. Not an offer of securities, a commitment to lend, or a representation of available terms. Financing subject to lender approval and definitive documentation.

Why Ordeg

Sponsor-side, Miami-based, and bilingual from the first call.

There is no shortage of people who will forward your deal to a distribution list. What changes the outcome is underwriting it first, matching it deliberately, and staying in the file until it funds.

  • 01

    We sit on your side of the table

    Our job is the sponsor’s outcome — proceeds, flexibility, and terms you can live with for the whole hold period. We are not placing a product; we are structuring your deal.

  • 02

    Underwriting before outreach

    Every deal is modeled and stress-tested before it leaves the building. A file that answers the hard questions up front moves faster and retrades less.

  • 03

    A targeted process, not a blast

    Deals go to capital whose appetite genuinely matches the asset, market, and sponsorship. A well-matched conversation beats fifty poorly matched ones.

South Florida commercial skyline — the market Ordeg Capital serves

How it works

Four short explanations, before you spend an hour on a call.

Most sponsors arrive with the same four questions. These answer them in a few minutes each — what the capital stack actually is, where preferred equity fits, what a lender reads first, and what happens after a term sheet is signed.

Capital advisory meeting — Ordeg Capital institutional process

  • The capital stack, explained

    Senior debt, mezzanine, preferred equity, common equity — who gets paid first, who takes the risk, and why the order decides everything else.

  • Preferred equity vs. mezzanine

    Two instruments that fill the same gap and behave very differently. What separates them, and how the choice changes who controls the asset.

  • What underwriting really looks at

    The rent roll, the trailing twelve, the sponsor, the exit. What gets read first, what gets verified, and where deals quietly fall apart.

  • From term sheet to closing

    A signed term sheet is the start of the hard part. Appraisal, third-party reports, legal, and the sixty days where a deal is won or lost.

Selected closings

Selected Transactions

A selection of recent closings. Not a complete record.

See all transactions
  • Traded card for a $112 million construction loan in Hallandale Beach. Jose Degwitz is the person on the far right.

    Condo · Hallandale Beach

    Construction loan · 375,929 SF · 2025

    Placed by Ordeg Capital

    Jose Degwitz, far right · Source: Traded

    Construction loan for a Hallandale Beach condominium, as reported on Traded.

    View on Traded
  • Traded card for a $50 million mezzanine loan on Oasis Hallandale. Jose Degwitz is the person on the far right.

    Condo · Hallandale Beach

    Mezzanine · 317,000 SF · 2026

    Placed by Ordeg Capital

    Jose Degwitz, far right · Source: Traded

    Mezzanine financing for Oasis Hallandale at 1000 East Hallandale Beach Boulevard, as reported on Traded.

    View on Traded
  • Traded card for a $15.85 million bridge loan in Doral. Jose Degwitz is the person on the far right.

    Hospitality · Doral

    Bridge loan · 73,232 SF · 2025

    Placed by Ordeg Capital

    Jose Degwitz, far right · Source: Traded

    Bridge loan on a hospitality asset at 1212 Northwest 82nd Avenue in Doral, as reported on Traded.

    View on Traded
  • Traded card for a $9 million refinance in Hollywood. Jose Degwitz is the person on the far right.

    Multifamily · Hollywood

    Refinance · 40 units · 2025

    Placed by Ordeg Capital

    Jose Degwitz, far right · Source: Traded

    Refinance of a 40-unit multifamily at 1850 Monroe Street in Hollywood, as reported on Traded.

    View on Traded

Source: Traded. Retrieved 22 August 2026.

  • $112MConstruction loan · Condo · Hallandale Beach
  • $50MMezzanine · Condo · Hallandale Beach
  • $15.9MBridge loan · Hospitality · Doral
  • $9MRefinance · Multifamily · Hollywood
  • $5MRefinance · Mixed-use · Miami
  • $3.5MRefinance · Retail · Hallandale

These six closings are as published on Traded and on Jose Degwitz’s Traded profile. Jose Degwitz of Ordeg Capital is the person on the far right of each card. Deal graphics are from Traded. Past transactions are not a prediction or guarantee of future results, and nothing here is a representation that similar financing is available. Financing subject to lender approval. Not a commitment to lend.

The process

Five steps, and you always know which one you are in.

No black box. Every engagement runs the same way, and at each step you know what we are doing, what we need from you, and what happens next.

  1. 01

    Day 1

    Intake and read

    You send the property, the business plan, and the capital need. We come back with a straight read on how the deal is likely to be received — and what we would change before it goes anywhere.

  2. 02

    Days 2–7

    Underwrite

    We build the model, pressure-test the assumptions against real South Florida comparables, stress the coverage, and find the issues a credit committee will find — while there is still time to answer them.

  3. 03

    Week 2

    Structure

    We design the stack the business plan actually needs: the senior layer, the structured layer if there is a gap, and the terms that decide what you can do for the rest of the hold.

  4. 04

    Weeks 2–5

    Place and negotiate

    A targeted process, not a broadcast — the deal goes to capital whose appetite genuinely matches the asset. We negotiate proceeds, recourse, reserves, prepayment, and draw mechanics on your side of the table.

  5. 05

    Through closing

    Close

    We hold the timeline through appraisal, third-party reports, and legal, surfacing problems while they are still solvable. Deals do not die at term sheet — they die in the sixty days after it.

Timelines are indicative and vary by asset, structure, and diligence. Financing subject to lender approval. Not a commitment to lend.

Quick tool

Debt service coverage, in about fifteen seconds.

Enter the property’s net operating income and the debt you are contemplating. The calculator returns the annual debt service and the resulting coverage ratio. It runs entirely in your browser — nothing is sent anywhere, and nothing is stored.

Income after operating expenses, before debt service.

The principal you are sizing.

Your own assumption — Ordeg does not quote rates here.

Years used to amortize principal. Ignored if interest-only.

Debt service coverage ratio

1.32x

Lender-ready (>= 1.25x)

Net operating income ÷ annual debt service.

Monthly debt service
$75,848
Annual debt service
$910,178

As entered, coverage clears the 1.25x lender-ready band used on this page. A given lender may still require more depending on the asset, the structure, and the sponsor.

Discuss your deal

Illustrative only. This calculator uses the figures you enter and does not reflect any offer, quote, or available terms. It is not a commitment to lend and financing remains subject to lender approval and full underwriting.

Quick tool

How much debt does the asset actually support?

Lenders size on the tightest of three tests: DSCR, LTV, and debt yield. Enter the income and the value. The tool runs all three and names the one that governs. It runs in your browser — nothing is sent anywhere, and nothing is stored.

Income after operating expenses, before debt service.

The value the leverage test is run against.

Starting assumption — change it to your lender’s terms.

Years used to amortize principal. Ignored if interest-only.

Years until the remaining balance is due.

Starting assumption — change it to your lender’s terms.

Starting assumption — change it to your lender’s terms.

Starting assumption — change it to your lender’s terms.

Sized loan

Enter income and value to size the loan.

Two figures are enough to start: annual net operating income and the property value. The result is the smallest of the three lender tests, with the binding one named in plain language — not a single-ratio calculator that hides the constraint that actually caps proceeds.

Illustrative sizing only. Not a quote, not a commitment to lend, and not a representation that these terms are available.

Ordeg Group

One group, four sides of the same transaction.

Commercial capital is where we start. When a deal needs residential financing, coverage, or the accounting behind it, that work stays inside the group — same standard, same people, no handoff to a stranger.

  • Residential financing

    Ordeg Mortgages

    Residential mortgage financing for South Florida buyers and owners, including foreign nationals and investors buying rental property.

    Site coming soon

  • Coverage and risk

    Ordeg Insurance

    Property and liability coverage placed alongside the financing, so the insurance requirement in the loan documents is handled before closing, not after.

    Site coming soon

  • Accounting and tax

    JMS Accounting Services

    Bookkeeping, entity accounting, and tax work for real estate owners — including the clean financial statements a lender will ask for.

    Site coming soon

Each company is engaged separately. Working with one is never a condition of working with another.

Start here

SEND THE DEAL. GET A STRAIGHT ANSWER.

The property, the business plan, and the capital need are enough to start. You will get an honest read on how it is likely to be received — including if the answer is that it is not ready yet.

Submit a Deal
  • Confidential review
  • English & Spanish
  • Miami-Dade & Broward
  • $3MM – $250MM