BEB Capital closes $150m real estate credit fund

Port Washington-based BEB Capital has closed its first BEB Credit Opportunity Fund LP, raising approximately $150 million.

BEB Credit will seek to generate attractive risk-adjusted returns, backed by diversified real estate loans to high-quality sponsors in the United States, and will target a cap of $150 million and projected net returns of 13 percent to 15 percent.

The fund will target industrial and multifamily assets.

“We believe that the current environment is favorable for deploying debt in the commercial real estate market, especially for private lending platforms,” said Keyvan Ghaytanchi, CIO of BEB Capital. “Given the strict requirements around lending and the limited ability by regional banks to deploy as much debt as they have been accustomed to, this is the opportune time to launch this type of financing vehicle. We’re excited to play an important role in providing borrowers with private, quick and creative financing solutions for commercia