Fairbridge Asset Management Announces Up to $100 Million Loan Agreement with Oaktree
Investment strengthens Fairbridge’s position as a leader in bridge financing
NEW YORK, NEW YORK, USA, April 29, 2022 /EINPresswire.com/ — Fairbridge Asset Management LLC (“Fairbridge” or the “Company”), a private direct portfolio lender focused on originating, investing and lending commercial real estate management in major U.S. markets, today announced that it has entered into a $50 million loan agreement with an option for two additional $25 million tranches with funds managed by Affiliates of Oaktree Capital Management, LP (“Oaktree”), a leading global investment firm. Participating funds within Oaktree will also receive warrants to purchase a minority stake in Fairbridge. The Company expects the proceeds from the financing to support the expansion of Fairbridge’s bridge lending platform.
Fairbridge provides fast, flexible and creative bridge financing solutions to real estate professionals looking to capitalize on opportunistic real estate transactions. The Company’s institutional platform can offer mortgages with a principal value of up to $50 million, with a particular focus on borrowers looking for $10 million or less. Fairbridge believes that the inefficiency and fragmentation of this market segment allow for better returns and better structuring opportunities.
Brian Walter, co-founder and managing partner of Fairbridge, said: “The bridge loan market is complicated and disjointed. We help borrowers by providing integrated and creative solutions that unlock value across the entire capital structure. This investment from Oaktree will support our pursuit of a larger share of the fast-growing bridge loan market.
John Lettera, co-founder and partner of Fairbridge, added: “Oaktree is an experienced investor with significant resources and expertise in providing creative financing solutions. This commitment will allow us to continue executing our strong pipeline of deals and organic growth initiatives. We are very pleased to welcome Oaktree as a financial partner to accelerate our next stage of growth.
Raghav Khanna, Managing Director and Co-Portfolio Manager of Oaktree’s Strategic Credit Strategy, said, “We are delighted to partner with Fairbridge as it executes its growth strategy of providing innovative lending solutions. relay to commercial real estate borrowers. Fairbridge has a strong and experienced management team and a compelling history. We believe the company is well positioned to be a leader in this rapidly growing segment of the real estate market. »
Paul Hastings LLP served as counsel to Oaktree and Hunton Andrews Kurth LLP served as counsel to Fairbridge.
About Fairbridge Asset Management
Fairbridge is a vertically integrated real estate private equity firm specializing in real estate lending strategies. Fairbridge seeks leveraged investments by originating senior secured loans, mezzanine loans and preferred equity investments for the construction, acquisition and refinancing of commercial real estate, and by acquiring non-performing loans and investments in preferred shares. Fairbridge provides fast, flexible and creative financing solutions for real estate professionals looking to capitalize on opportunistic real estate transactions. Fairbridge is a portfolio lender and manages several investment vehicles. For more information, please visit Fairbridge’s website at http://FairbridgeLLC.com.
Oaktree is a leader among global investment managers specializing in alternative investments, with $166 billion in assets under management as of December 31, 2021. The firm emphasizes an opportunistic, value-driven, risk-controlled approach for investments in credit, private equity, real estate assets and listed shares. The company has more than 1,000 employees and offices in 20 cities around the world. For more information, please visit Oaktree’s website at http://www.oaktreecapital.com/.
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