Miami-based private equity firm Safe Harbor Equity has launched a $100 million distressed commercial real estate debt fund, reported The Real Deal.
The Safe Harbor Equity Distressed Debt Fund 3 will focus on acquiring distressed commercial mortgages primarily in South Florida, in addition to markets such as New York, Texas, California and other major markets in the United States.
It will acquire distressed corporate loans starting at $500,000 and invest up to $20 million for properties that include multifamily, industrial, retail and hotels.
