Driftwood Capital has launched fundraising for its new Mezzanine Lending Fund. The firm intends to raise $100 million from investors to source mezzanine loan and preferred equity transactions in the hospitality sector. The fund will originate loans and preferred equity positions in the $3 million to $50 million range.
“This fund will provide a much-needed source of capital to hotel owners and lenders struggling to regain their footing in the aftermath of COVID-19,” explained chairman and CEO Carlos Rodriguez. “At the same time, it gives our high-net-worth investors an unprecedented opportunity to achieve risk-adjusted returns by investing in high-quality franchised and select independent boutique hotels and resorts throughout the United States.”
Driftwood Capital’s syndication model allows accredited investors to co-invest in institutional-quality hotel assets or capital solutions. Earlier this year, Driftwood Capital announced it had launched two new funds â
