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Berkshire Residential Investments closes oversubscribed debt fund


Berkshire Residential Investments closes oversubscribed debt fund
Berkshire Residential Investments closes oversubscribed debt fund
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Berkshire Residential Investments closed its real estate debt fund Berkshire Bridge Loan Investors II at $1.5 billion.
The fund exceeded its fundraising target of $1 billion, said spokesman John Dobroski in an email.
According to the news release, the fund supports the MF1 direct lending platform, a partnership between Berkshire and Limekiln Real Estate that provides financing for U.S. multifamily assets including mezzanine debt, preferred equity and senior mortgages.
The previous fund, Berkshire Bridge Loan Investors I, closed at $452 million in 2019.
Investors in the new fund include the $29.8 billion New Mexico State Investment Council, Santa Fe. ....

John Dobroski , Mexico State Investment Council , Berkshire Residential Investments , Berkshire Bridge Loan Investors , Limekiln Real Estate , New Mexico State Investment Council , மெக்ஸிகோ நிலை முதலீடு சபை , பெர்க்ஷயர் குடியிருப்பு முதலீடுகள் , பெர்க்ஷயர் பாலம் கடன் முதலீட்டாளர்கள் , லிமேகிழ்ந் ரியல் எஸ்டேட் , புதியது மெக்ஸிகோ நிலை முதலீடு சபை ,

Largest Manhattan Real Estate Loans of January 2020


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From left: 410 Tenth Avenue, 100 Park Avenue, 230 East 20th Street, 30 Morningside Drive, SL Green’s Marc Holliday (Photos via Google Maps, Getty, Gramercy Square, 30 Morningside Drive/Illustration by Kevin Rebong for TRD)
The 10 largest Manhattan loans recorded in January totaled $1.95 billion, a 7 percent decrease from December’s total.
For the first time, the top loan of the month was for an acquisition that went into contract during the pandemic: a hefty CMBS loan that 601W Companies secured for its $953 million purchase of SL Green’s 410 Tenth Avenue. The remainder of the top 10 included one other acquisition loan and a construction loan, while the rest were refinancings. ....

United States , Grand Central Terminal , New York , Xin Yuan , Landesbank Hessen , Gotham Sachs , Joseph Chetrit , Kevin Rebong , David Bistricer , Singapore United Overseas Bank , Silverstein Properties , Berkshire Group , Arbor Realty , Goldman Sachs , Aareal Bank , Hudson Research Center , Cabrini Medical Center , Madison Group , Td Bank , Wells Fargo , Aareal Capital Corporation , Kaufman Organization , Xin Development Group , Chinese American Planning Council , Kinsmen Property Group , Goldman Sachs Urban Investment Group ,