Michael Tucker mtucker@mba.org

March 02, 2017

Partners Capital Launches Archway Fund as Independent Bridge Lender 

Partners Capital, Los Angeles, established a joint venture with a $700 million western U.S.-based investment management firm to launch Archway Fund, a private bridge lender.

Archway Fund will provide primarily first trust deed loans up to 75 percent LTV for transactions that cannot execute with conventional commercial real estate financing for reasons including very quick closing deadlines, high vacancy rates/tenant turnover, sponsor/managing member credit issues. Archway will provide financing for opportunistic and value-add commercial real estate transactions ranging between $2 million and $15 million and with terms of up to 24 months. Property types include investor single-family residences, apartments, office, industrial and retail throughout the western United States.

While operating under the Partners Capital umbrella, the loan production division, Partners Capital Finance, provided $80 million in loans during 2016. As part of the joint venture, the division becomes a department equipped to deploy $100 million in the 12-month period following the late February opening.

Archway Fund will operate independently of Partners Capital under the direction of Mark Reese, who joined the firm as a consultant to organize the platform rollout and will transition to vice president of loan origination tasked with building the transaction pipeline. He comes to Archway with experience in early-stage, privately capitalized debt platforms, most recently Buchanan Street Partners, Newport Beach, Calif.

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