Pender Capital launches private CRE debt opportunities
Real Estate - NOVEMBER 17, 2023

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Pender Capital launches private CRE debt opportunities

by Andrea Zander

Pender Capital, a provider of short-term, senior secured commercial bridge loans, has launched Pender Real Estate Credit Fund, a continuously offered closed-end interval fund focused on private commercial real estate (CRE) debt.

The fund, the fourth investment vehicle operated by management, seeks to capitalize on a ripe investment environment spurred by a reduction in lending options coupled with increased borrower demand for short-term loans. The fund seeks to originate lower-middle-market short-term bridge loans that are secured by senior position collateral in commercial real estate assets across the Sun Belt, and other key “flyover” regions of the United States.

“Lending criteria and underwriting standards are fragmented, inconsistent, and regionally imbalanced with many lenders currently out of the marketplace,” said Cory Johnson, co-founder and CEO of Pender. “We have a perfect storm of high-quality CRE assets and sponsors facing frozen capital marke

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