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Miami Lender Closes First Specialty Credit Fund Deals

The largest transaction thus far for Fund II is a $40-million first priority mortgage for the redevelopment of the former Highland Park Mill, a 150,000-square-foot mixed-use property in Charlotte, NC.

A rendering of the Tompkins Hall project in Charlotte, NC. BridgeInvest’s Specialty Credit Fund II provided $40 million in financing for the project. A rendering of the Tompkins Hall project in Charlotte, NC. BridgeInvest’s Specialty Credit Fund II provided $40 million in financing for the project.

MIAMI—Locally-based lender BridgeInvest reports the initial closing of its second specialty credit fund with $80 million in equity commitments and a total target capitalization of $200 million.

BridgeInvest’s Specialty Credit Fund II has already committed funding for four transactions in the Southeast, with two deals in Florida, one in Georgia and one in North Carolina. BridgeInvest, a provider of short-term, senior-position CRE bridge loans, says it plans to deploy the fund’s capital in the next two years and expects to announce additional closings for the fund through the end of this year.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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