Markets seeking capital that are underserved by traditional banks could get a boost from a new fund launched this week by JB Capital.
The alternative credit manager has launched its Real Estate Lending Income Fund, which will provide capital to professional owners, operators and developers of multifamily and industrial real estate assets.
Jeremy Hill, founder, JB Capital, said in prepared remarks that he believes that continued consolidation in conventional lending, paired with the growing need for equity alternatives and flexible financing solutions will continue to expand this need from non-institutional borrowers.
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"With the inflation outlook poised to rise, we believe unlevered funds offer an optimal choice for investors seeking stable, consistent income," Hill said.
The equity gap required for most investors and developers is increasing, JB Capital said, forcing experienced industry professionals to look outside traditional sources of capital to close that gap with common sense equity and mezzanine structured solutions.
Barney Guy, Managing Director of JB Capital, said in prepared remarks that he has seen "enormous demand" for structured lending that meet experienced developers' and operators' need for both senior and mezzanine capital.
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