Peakhill Capital, a commercial real estate lender, has formed a strategic joint venture with Declaration Partners, an investment firm anchored by the family office of David M. Rubenstein, to provide ‘gap capital’ to owners of residential rental properties facing loan paydowns. This collaboration is a major expansion of Peakhill’s preferred equity financing platform.
The new joint venture seeks to fund preferred equity investments ranging from $5 million to $25 million in multifamily, student housing, and build-for-rent (BFR) projects, supporting asset owners by providing ‘gap capital’ behind agency, LifeCo, and CMBS loans. Peakhill Capital aims to reach $300 million in production in the next 12 months across the U.S. Declaration Partners is a flexible capital provider whose real estate team is rooted in property operations and institutional investing experience. As a firm, Declaration has more than 250 years of combined institutional investment experience and $2.2 b
