Bridge lender Archway Fund has completed arecapitalization with the principals of OakhurstAdvisors. The firm will now provide short-term commercialdebt to the middle markets under the name ArchwayCapital. The first fund will provide loans $2 million to$20 million for both the acquisition and recapitalization ofcommercial assets across property types.
"We recognized about a year ago that we were close to a creditcycle," Bobby Khorshidi of Archway Capital tellsGlobeSt.com. "Prices were at record highs and the recovery waslasting longer than a typical cycle. The market sentiment was not amatter of if, but when we knew the economy would cool off."
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