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Berkshire Residential Investments announced a final close of $1.47 billion for its debt fund, Berkshire Bridge Loan Investors II. The fund, which exceeded its $1 billion target, received commitments from nearly 60 institutional clients around the globe and includes both new and existing investors for the firm.

The fund supports the MF1 direct lending platform, which is a partnership between Berkshire and Limekiln Real Estate. MF1 provides financing for multifamily assets in the US, including senior mortgages, mezzanine debt and preferred equity.

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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