Loci Capital secures $25m subscription line
Investors - AUGUST 21, 2023

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Loci Capital secures $25m subscription line

by Released

Loci Fund II, an affiliate of Loci Capital Group, has closed a $25 million capital call facility, with SouthState Bank as the sole lender.

“This facility will allow us to provide surety of financing for investments which are off-market and relationship driven at this point in the cycle,” said Michael Phillips, CEO and co-founder of Loci Capital. “In addition to helping to manage liquidity for the fund and its underlying investors, the facility will also provide us with additional flexibility to syndicate our investments, building on our track record of providing our investors with significant co-investment opportunities alongside their fund commitment.”

Loci pursues a diversified strategy consistent focused on making investments in the southeastern United States.

Loci’s inaugural opportunistic real estate fund began investing in October 2020 and fully allocated its $47 million of commitments earlier this year. Alongside Fund I, Loci raised and deployed

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