Kennedy Wilson and Fairfax Financial complete first loan on behalf of $2b debt platform

Kennedy Wilson and Fairfax Financial Holdings have closed their first loan in a recently launched $2 billion real estate debt platform that will pursue first-mortgage loans secured by high-quality real estate in the western United States, Ireland and the United Kingdom.

Kennedy Wilson said this consists of a $63 million senior bridge loan for a newly constructed multifamily community in Boulder, Colo., that will help support the lease-up process of newly constructed projects close to the Denver and Boulder markets.

Specifically, the loan will support the lease-up of a mix of studio, one- and two-bedroom multifamily units and groundfloor retail space, according to Kennedy Wilson.

“This loan exemplifies our investment strategy of providing capital to strong sponsors with well-built projects in our core markets,” said Matt Windisch, executive vice preside