Värde Partners Closes $368 Million CRE CLO Financing Transaction

MINNEAPOLIS – Värde Partners, a global alternative investment firm, announces the closing of a commercial real estate collateralized loan obligation (CRE CLO) through Värde’s Mortgage Business.

The mortgage asset pool consists of 25 recently originated, short term, floating rate, whole or pari passu mortgage assets secured by 28 properties. The aggregate principal balance of the pool is $368 million. Värde offered $288 million of bonds rated AAA through BBB- and retained $80 million of the structure. The assets include office, multifamily, retail, hospitality and industrial properties across 12 states with an average principal balance of approximately $15 million.

“There is significant demand for commercial mortgage capital and Värde seeks to provide flexible solutions to meet the needs of businesses not served by traditional lenders,” said Brian Schmidt, Partner and Head of Värde’s Mortgage Business.

Värde’s Mortgage Business has originated or acquired over $1 billion in commercial real estate loans since 2014, with its origination activity primarily focused on floating rate mortgage loans on light transitional, value-add and event-driven commercial and multifamily loan opportunities across the U.S.

About Värde Partners:

Värde Partners is a $13 billion global alternative investment firm that employs a value-based approach to investing across a broad array of geographies, segments and asset types, including corporate credit, real estate, mortgages, specialty finance, energy and transportation. 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 more than 280 people globally with regional headquarters in Minneapolis, London and Singapore.