GREAT NECK, NY—The Ranger Direct Lending Fund, an affiliate of Ranger Capital Group that recently completed a $200-million public offering, is investing $30 million on real estate properties in New York State.
The pooled investment vehicle announced its targeted investment in the Empire State in a joint press statement with locally-based online investment platform Sharestates, LLC.
Sharestates and Ranger Direct Lending Fund are seeking to deploy up to $30 million in commitments in fraction and whole loan transactions through sharestates.com. The Ranger Direct Lending Fund, which is advised by Ranger Capital Group affiliate Ranger Alternative Management II, LP, is looking to invest in residential, commercial and mixed-use properties in New York State and intends to scale its investments throughout the remainder of the year. Ranger Capital trades on the London Stock Exchange.
"On behalf of all of the team members at Sharestates, I want to express our excitement and appreciation over Ranger's investment. The opportunity allows Sharestates to further enhance and diversify its product offerings while continuing to expand its relationships within the real estate community. It is truly a transformational deal for Sharestates, and a relationship we trust will only grow over time,” states Allen Shayanfekr, CEO of Sharestates, LLC.
"In our view, Sharestates is one of the most promising real estate platforms in the direct lending industry. Their on- boarding process was completely transparent and their management team was very easy to work with. We are excited to have them as a partner moving forward," states Bill Kassul, partner in the Ranger Direct Lending Fund.
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