Värde Partners Closes Commercial Real Estate Loan in Charlotte

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February 21, 2017

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.

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.
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Värde is privately held, entirely by partners of the firm.