The Green Cities Company, an institutional real estate investment management firm known for multifamily investment, operations, and development expertise, as well as industry-leading ESG practices, has announced the first closing of their newly launched credit fund, Green Cities Debt Fund I.
Green Cities’ newest fund focuses on delivering tailored loan structures to small and mid-sized multifamily owners and operators. The backbone of the fund’s strategy is offering a senior hybrid loan designed to bridge qualified borrowers to disposition or permanent financing. In turn, this one lender/one loan solution is able to provide flexible and customized financing solutions — specifically, loan structures with adjustable interest accruals — to the often-overlooked market of small and mid-sized multifamily operators.
According to managing partner, Molly Bordonaro, “The fund represents an entrepreneurial approach in Green Cities’ mission to provide innovative and
