Ruchira Roy
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RWN Management has provided the one-year bridge loan to back the $90m land acquisition
The private equity acquisition of ASPEQ Heating Group was financed by alternative mid-market lender Abacus Finance.
The $31 million loan could be priced in the range of 8-10 percent, sources say.
The US-based real estate investor is launching its fourth real estate debt vehicle.
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The secured loan to Latham Pool Products is in support of its core business of manufacturing and distributing pool components across the US and Canada
The firm, which launched the fund in 2013, is targeting net IRR of 10 to 12 percent.
An investor that previously committed to the second and third funds will not participate in the new vehicle.
Two of the four credit investments revealed by South Carolina Retirement Systems Investment Commission are to emerging market strategies
Part of the deal includes a $485 million increase an asset-based credit line to fund the art auction’s finance business.
The fund from the Minneapolis lender will invest in US commercial real estate loans.