Värde is privately held, entirely by partners of the firm.
Värde Partners Closes Commercial Real Estate Loan in Kansas City
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MINNEAPOLIS – Värde Partners, an alternative investor in broad strategies including commercial and residential mortgage markets, today announced that it has closed on a newly originated $32.5 million loan secured by an office tower in Kansas City, Missouri.
The loan provides capital to support recent leasing activity, which should effectively position the 60% occupied property to reach stabilization over the next few years. “Given the recent economic and demographic momentum in downtown Kansas City, the opportunity to finance this CBD property was a great fit for our platform,” said Jon Miller, Director of Originations for Värde Partners.
Värde’s entrance into the commercial real estate loan market follows the significant retraction of traditional banks from non-core markets and their divestiture of non-core businesses, leaving many credible borrowers without access to needed capital. “This loan reflects our investment thesis to provide commercial mortgages to borrowers who need flexible capital and timely execution,” said Brian Schmidt, a Partner of Värde. Värde’s mortgage business is a prominent provider of capital to the commercial and residential mortgage markets, and focuses on providing flexible capital and certainty of execution.
About Värde Partners:
Värde Partners is a $12 billion global alternative investment firm that employs a credit-oriented, value-based approach to investing across a broad array of geographies, segments and asset types, including real estate, corporate credit, mortgages, specialty finance, transportation and infrastructure. The firm sponsors and manages a family of private investment funds with a global investor base that includes foundations and endowments, pension plans, insurance companies, other institutional investors and private clients. Now in its third decade, Värde employs 250 people with main offices in Minneapolis, London and Singapore and additional offices around the world including New York.