Global investment bank Cambridge Wilkinson has closed a $100 million credit facility for a long track record undisclosed real estate asset manager who currently has more than 90,000 acres of land and manages more than $3 billion of real estate assets.
The facility will be used to purchase land that has been identified by one of the largest national homebuilders for their near-term single-family home development pipeline. These assets are expected to cash flow within 6–24 months.
“We are excited to be able to source flexible credit facilities for our clients which allows them to scale their platforms. Our real estate clients with robust pipelines of acquisition targets benefit from these customized facilities, as they do not need to constantly tap into the capital markets to execute on their strategy on a deal-by-deal basis,” said Rob Bolandian, partner and global head of investment banking at Cambridge Wilkinson.