Värde’s investor base includes global institutional investors including trusts, endowments, foundations, pension funds, corporations, and funds-of-funds.
Värde Partners Closes Commercial Real Estate Loan in Charlotte
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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 $20.25 million loan secured by an apartment complex in Charlotte, North Carolina.
The loan provides capital to acquire and renovate apartment units as leases naturally turn over with the goal of increasing rents and improving cash flow at the property. “This deal is a great example of delivering additional proceeds relative to traditional lenders in a flexible, customized loan structure,” said Alek Roomet, Director of Originations for Värde Partners.
Värde’s entrance into the commercial real estate loan market follows the 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 lending strategy 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 provider of capital to the commercial and residential mortgage markets, and focuses on providing flexible capital and certainty of execution.