Sundance Bay Debt Opportunity Fund locks in $53m
Utah-based Sundance Bay has raised more than $53 million for its new Sundance Bay Debt Opportunity Fund, which launched in April, according to a recent filing with the SEC.
The filing notes that 88 investors have committed to the fund, which is focused on debt, mezzanine, multifamily and distressed properties in the United States. The fund is seeking to raise $400 million.
Sundance Bay is a real estate private equity firm that specializes in multifamily investing, net-lease investing and debt lending nationwide. The firm facilitates bridge loans, acquisition loans and construction financing. Clients include builders, real estate entrepreneurs, investors and wholesalers.
To learn more about this fund or others, please visit the IREI.Q database.