Värde Partners closes USD309m in US commercial real estate loans

Värde Partners, a global alternative investment firm, closed USD309 million in US commercial real estate loan originations in the first quarter of 2021. 

The six transactions span multifamily, office, and hospitality assets across four states and the District of Columbia.

“In an environment where lending conditions have tightened, Värde is able to offer borrowers flexible and reliable capital. We have seen significant demand for the financing of office space, hotels, and multifamily housing with committed sponsors through the pandemic,” said Jim Dunbar, Senior Managing Director at Värde Partners.

Loans closed over the quarter are: USD63 million for the acquisition of a multifamily property in Frisco, Texas; USD63 million for the acquisition of a multifamily property in Lewisville, Texas; USD55 million for the refinancing of an office property in Indianapolis, Indiana; USD49 million for the refinancing of an office property in Orange, California; USD40 million for the acquisition a multifamily property in Centennial, Colorado; and USD39 million for the acquisition of a hospitality property in Washington, DC.

Värde has 27 years of experience investing in real estate and credit markets and has originated over USD2.5 billion in commercial real estate loans since 2017. The firm has a dedicated team of experienced originators, asset management and capital markets professionals.

Through its commercial real estate lending program, Värde is a non-recourse, balance sheet lender targeting transitional, value-add and stabilised properties across the U.S. The firm finances all major asset classes, plus mixed-use and self-storage.