A real estate debt fund pools investor capital to make loans secured by real estate, rather than to own property as equity.
Log in to followRunning the numbers on an open-end debt fund and I can't make the arithmetic close. Their book is 61 loans, weighted average coupon 8.9%, weighted average LTV 64%, all first mortg…
Working through a quarterly report on a bridge fund. The credit summary says zero loans 60 days delinquent and zero in foreclosure. Then the loan schedule shows 15 of 62 loans wit…
I've been going through a debt fund's offering documents and I'm stuck on something basic. The fund's schedule of investments lists 41 loans with addresses next to them, and my fi…
Ground-up on a small infill project, $3.2M total cost. Bank offer is 8.25% floating at 55% loan to cost, full recourse, and I'd be writing a $1.44M equity check. A debt fund offer…
Two funds sent me materials and the numbers don't line up in my head. One says minimum commitment $250,000, the other says $50,000, and a third product a broker mentioned apparent…