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7/20/21
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Archway Capital has expanded its lending platform to include first mortgage debt, mezzanine capital, as well as preferred and CO-GP equity between $3 mil and $15 mil secured by performing and non-performing residential and commercial real estate, or on notes securing those assets.
The new suite of financial products complements Archways’ current lending platform which provides short-term, non-recourse, fixed-rate senior debt between $2 mil and $20 mil up to 75% LTV for the acquisition or recapitalization of industrial, multifamily, office, single family and select internet-resistant retail assets in high-density and urban markets throughout the United States.
Archway plans to deploy approximately $150 mil over the next 36 months, according to Archway Capital President and CEO Bobby Khorshidi. To meet the increase in lending activity, Archway Capital has bolstered its origination team with significant hires at its Los Angeles headquarters and East Coast office.
Max Kirschenbaum has joined the firm as Director to grow the firm’s national originations effort. The former founding member of Washington, DC-based crowdfund investment firm Fundrise, Kirschenbaum will be responsible for sourcing investment opportunities and developing new investment strategies. At Fundrise, he was directly responsible deploying more than $550 mil of joint-venture equity, preferred equity and debt investments in core, core-plus, value-add and development commercial real estate assets in top growth markets across the country.
Greg E. Schecher has joined Archway as Director responsible for the East Coast region with a specific focus on the Southeast United States. Over the course of his 35-year career in real estate, Schecher was senior member of the origination teams at Money360, NAI Global, and Keystone Bridge Capital.
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