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Sign in Sign up for a FREE subscriptionBerkshire Multifamily Debt Fund III closes at $1.85b
Berkshire Residential Investments has announced a final closing of its Berkshire Multifamily Debt Fund III with $1.85 billion in equity commitments.
Berkshire Multifamily Debt Fund III will primarily consist of Freddie Mac’s Multifamily Capital Markets Execution B-piece debt investments, which are collateralized by high-quality multifamily mortgages throughout the United States. The fund will also invest opportunistically in other debt assets secured by multifamily properties such as preferred equity, mezzanine debt, B-notes and discounted notes.
“The success of Berkshire’s debt fund series reflects continued investor interest and their confidence in our debt investments team,” said Jon Pfeil, managing director, head of debt investments at Berkshire. “Berkshire has decades of U.S. housing investment experience, and we will continue to develop both equity and debt products in the sector that meet evolving market trends.”
In May, Berkshire Residential