Arixa Capital announces Strategic Joint Venture with Oaktree

PRNewswire — Fri, 25 Aug 2023 14:00:01 +0000

Arixa Capital Advisors, LLC (“Arixa Capital” or “Arixa”) announced the launch of a $100M strategic joint venture, with the ability to upsize in the future, with funds managed by Oaktree Capital Management, L.P. (“Oaktree”) to originate senior secured loans backed by residential and commercial real estate.

Arixa Capital is a leading private real estate lender and investment manager, operating throughout the Western United States. The firm has established a successful track record of generating attractive risk-adjusted returns for accredited and institutional investors by providing bridge, value-add, and construction loans for single family and multifamily real estate projects.

“Arixa is known for its long-term relationships, built over the course of originating more than $3.5 billion in real estate loans,” said Seth Davis, Managing Director of Arixa Capital. “With the support of Oaktree, a premier global investment manager, we will expand Arixa’s capacity to meet the needs of professional real estate investors and developers who continue to generate attractive investment opportunities and require reliable access to capital for their success.”

“As an experienced capital provider in this space, we are thrilled to partner with Arixa Capital and support the expansion of its vertically integrated lending program,” said Jason Keller, Managing Director and Assistant Portfolio Manager of Oaktree’s Real Estate Group. “We are impressed with both Arixa’s historical track record of loan performance and the strategic planning that is driving the company’s future growth.”

The joint venture is designed to provide bridge, renovation, and construction loans across residential and small balance commercial real estate projects. The partnership will focus on urban infill markets, targeting opportunities in California, Arizona, and other Western U.S. markets.

“We are excited to partner with Oaktree and owe this opportunity to the talented real estate investors and developers who partner with us, year after year,” said Greg Hebner, Managing Director of Arixa Capital. “As an independent lender, we have a personal stake in the success of our borrowers. In partnering with them over the past 13+ years, we know what it takes to build their vision: quick decisions, customized solutions, and exceptional service. This new joint venture provides us with significant additional capacity to continue supporting our clients’ financing needs.”

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Emerald Creek Capital closes over $40 million in February

PRNewswire — Wed, 04 Mar 2020 19:30:47 +0000

Emerald Creek Capital, a commercial real estate lender based in Manhattan, NY, has provided over $40 million in middle-market debt transactions this February. Spanning New York, Pennsylvania and Louisiana, the deals covered a variety of lending scenarios including acquisitions and value-add projects.

Emerald Creek lends on high quality assets that are well located, and February’s transactions exemplify this. The collateral includes an 85-unit apartment building in Philadelphia, PA, a 5-story mixed-use building in Queens, NY, and a 14-unit retail and office building in Scarsdale, NY. Four of the eight loans were provided to repeat clients.

Since 2009, investors and developers in need of financing have turned to Emerald Creek due to the firm’s speed and certainty of execution. Recently Emerald Creek provided an acquisition loan in only 4 days in Jersey City, NJ. “It was an absolute pleasure to work with Emerald Creek Capital,” explains Max Drivin, the borrower for the transaction. “They closed the loan in just 4 days! They were also very flexible on terms which was a huge help. The deal would not have happened without them.”

Highlighted Deals in February 2020:

$15,000,000 in Philadelphia, PA: Emerald Creek Capital provided a $15,000,000 bridge loan in the Olde Kensington neighborhood of Philadelphia, PA. The loan is secured by a newly constructed 58,825 square foot mixed-use apartment building. The completed project consists of 85 studio and 1-bedroom units, in addition to a ground floor retail space. The property is one of two buildings within a state-of-the-art compl`ex, offering a fitness center, on-site parking, and outdoor community spaces.

$8,250,000 in Scarsdale, NY: Emerald Creek Capital provided an $8,250,000 acquisition loan in the town of Scarsdale, one of New York City’s most desirable suburbs. The loan is secured by a two-story mixed-use building with 13,986 square feet of net rentable area. The building consists of 7 retail units on the ground floor and 7 second-floor office spaces. The property is situated on a 7,841 square foot corner lot with 280 feet of frontage.

The post Emerald Creek Capital closes over $40 million in February first appeared on FinTecBuzz.

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Arixa Capital announces Strategic Joint Venture with Oaktree

Emerald Creek Capital closes over $40 million in February