Dollars

Pembrook provides USD48.2m financing for multifamily and retail properties

Mon, 03/12/2012 - 09:39

Pembrook Capital Management, a commercial real estate investment manager, has closed five real estate loans providing a total of USD48.2m.

They comprise preferred equity investment, two bridge loans and two mezzanine loans, for properties with a total capitalisation of approximately USD122m.

Pembrook works with real estate developers and investors to deliver financing for new construction, acquisition, and repositioning, focusing on primary and secondary markets with high barriers to entry.

"These transactions show Pembrook's national reach and knowledge of local real estate markets, as well as our understanding of borrowers' needs in the current financing environment," says Stuart J Boesky, Pembrook's president and chief executive officer. "We consistently demonstrate the ability to provide financing solutions at all levels of the capital stack, and this flexible approach has, in our opinion, attracted quality deals from strong sponsors."
 


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