Bravo Property Trust LLC is expanding in the U.S. private credit market by partnering with a major Middle Eastern sovereign wealth fund. The two parties, under an investment agreement, will spend at least $400 million initially on providing construction and bridge loans through Bravo's lending platform. Both will explore stabilized healthcare and multifamily opportunities.
The sovereign wealth fund, which, according to Bravo, is one of the largest of such globally, will leverage its decades of experience in deploying capital and teaming up with real estate managers, credit companies, and private equity firms.
A focal point of the investment will involve properties with ties to the Housing and Urban Development or agency lending. In Bravo's history, the New York-based firm has deployed $1.6 billion in HUD and bridge financings.
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“We are proud to welcome a global institution of this caliber to our platform,” Aaron Krawitz, CEO of Bravo Property Trust, said in a statement.
“This partnership reflects the increasing demand from sovereign and institutional capital for access to high-quality, asset-backed credit in the U.S. housing market. With this $400 million investment program, we are positioned to expand our lending platform while maintaining our underwriting discipline and borrower-first service model.”
Additionally, there is an opportunity for both sides to up their investment in the partnership by $400 million to as much as $800 million in total.
According to Bravo, the bulk of its loans come from the Southeast and Northeast regions of the U.S., which both account for 85 percent of its total originations. By property type, 51 percent are related to multifamily, while the remaining involve Healthcare. Bravo's average loan amount sits at $29.5 million.
While high interest rates have spooked away financing deals in the CRE sector — momentum appears to be picking back up again. In the first quarter, CBRE's Lending Momentum Index grew by 13% from the previous three months and surged by 90% year-over-year. Also, CRE investment volume was up by 14 percent year-over-year to reach $88 billion.
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Anthony Russo
Anthony Russo has been contributing to GlobeSt. since July 2024. Along with CRE, his financial background expands to capital markets, the economy, and consumer issues. Previously, he has written for CapitalWatch and was a senior reporter for The US Sun.
