Smith Hill Capital, ECI Group and InterVest have launched a $250 million private lending platform to provide financial solutions including first mortgages, mezzanine loans and preferred equity investments to multifamily owners for refinancing, new construction and acquisitions. Target loan amounts are expected to range between $15 million and $100 million. JLL Capital Markets advised ECI and Smith Hill on arranging the lending platform.
“ECI is excited to partner with Smith Hill and InterVest to provide institutional-quality multifamily owners and operators with critical funds for refinancings, new development, construction and acquisitions,” said Seth Greenberg, CEO at ECI. “This platform broadens ECI’s capabilities, allowing us to own, develop, manage and provide tailored financial solutions in the multifamily space. We are prepared to move quickly to put our debt platform to work and have already begun to target deals.”
The company and its partners will in
