Berkshire Residential Investments, a vertically-integrated residential real estate investment and property management company, has raised its largest debt fund to date.
Berkshire Bridge Loan Investors II held its final close with $1.47 billion in capital commitments, bringing in commitments from nearly 60 institutional clients — both new and existing relationships for the firm.
According to Berkshire, the fund supports the MF1 direct lending platform, a partnership between Berkshire and Limekiln Real Estate. MF1 provides financing for multifamily assets in the United States, including senior mortgages, mezzanine debt and preferred equity.
“Despite a challenging environment in 2020, MF1 originated over $2.3 billion of loans and was the largest contributor of multifamily loans to CLOs last year,” said Jon Pfeil, managing director, senior portfolio manager at Berkshire. “MF1’s portfolio performed very well during the turbulent conditions presented during
