Pearlmark has held an initial closing of its first senior mortgage fund, Pearlmark Realty Senior Mortgage Partners I (PRSM I). PRSM I will serve as the firm’s exclusive senior mortgage investment vehicle, fulfilling borrower demand for financing solutions on recapitalizations, acquisitions, and development projects in the middle market. PRSM I will provide fixed and floating interest rate loans sized from $20 million to $75 million, structured to meet the investment objectives of sponsors and borrowers. The fund aims to provide investment capital partners with a strategy for their alternatives allocation that offers a core risk/return profile and current cash flow. PRSM I will primarily invest in multifamily and other adjacent sectors, including student housing, active senior, and build-for-rent communities, as well as in industrial. The fund will also consider investments in mixed-use, medical office, and grocery-anchored retail properties. Pearlmark plans to focus on stabilized
