WAY Wednesday | August 6, 2025
Equity Provider of the Week
Lightstone Capital is the real estate lending platform of The Lightstone Group, offering flexible, creative, and immediate financing solutions to experienced sponsors nationwide. With over $2 billion in originations, the platform focuses on $10M-100M+ senior loans, mezzanine financing, and preferred equity across all asset classes. Backed by Lightstone’s four-decade track record and $12+ billion in real estate transactions, the team brings deep expertise, speed, and certainty to every deal. Their direct lending approach, borrower-first mentality, and proven execution make Lightstone Capital a trusted and valued partner to the WAY Capital team.
Capital Types: Senior Debt (Primary Focus), Sub-Debt
Financing Types: Bridge, Construction, Note-on-Note, Note Purchases
Asset Classes: Multi, Industrial, Retail, Mixed-use, Student Housing, Hospitality, Condo Inventory, Self-storage, Office, Senior Housing, Other
Geographic Focus: Nationwide
WAY Back Wednesday…
WAY Capital successfully arranged $56,500,000 in construction financing for Sandbox Solana, a landmark mixed-use development situated on a prime two-acre site along the Pacific Coast Highway in Solana Beach, California.
Just steps from Solana Beach and the Cedros Avenue Design District, the project includes 25 luxury multifamily residences, 55,000 square feet of Class-A office space, and 9,000 square feet of ground-floor retail. Designed with a focus on indoor-outdoor living and sustainability, the Project features include expansive balconies, landscaped courtyards, EV charging stations, and a two-level subterranean parking structure.
Developed by Zephyr Partners, a premier Southern California developer, Sandbox Solana was the largest mixed-use development along Highway 101 in over three decades. Its irreplaceable coastal location, elevated design standards, and long-term value set it apart from competition within one of the State’s most supply-constrained, high-demand markets.
