Värde Partners Closes Newly Originated Commercial Real Estate LoanDecember 6, 2016
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 $15.1 million loan secured by transitional retail assets in Orlando, Florida.
The loan facilitated the acquisition of two value-add properties on a time sensitive deal with many fluid dynamics. “Värde’s knowledge of the Orlando market, commercial mortgage finance and flexible approach to the transaction allowed the borrower to achieve their need for certainty of closing,” said Managing Director, Jim Dunbar.
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 Senior Managing Director, Brian Schmidt. 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 240 people with main offices in Minneapolis, London and Singapore and additional offices around the world including New York.