Pearlmark announces first closing of sixth mezzanine fund

Pearlmark has held a first closing of its sixth high-yield credit investment fund, Pearlmark Mezzanine Realty Partners VI, L.P. 

Pearlmark Mezz VI will serve as the firm’s exclusive subordinated debt investment vehicle, fulfilling borrower demand for gap financing solutions on recapitalizations, acquisitions and development projects. Since 2001, Pearlmark has originated more than $2 billion in 159 subordinated debt investments. Pearlmark Mezz VI will target domestic institutional real estate assets through a variety of debt instruments, primarily focused in mezzanine lending. Pearlmark Mezz VI will primarily invest in multifamily and other adjacent sectors, including student housing, active senior and build-for-rent communities, as well as in industrial/logistics sectors. The fund will also consider investments in mixed-use, medical office and grocery-anchored retail propertie