New JV Targets Bridge Lending Market

February 24, 2017 | Sondra Campanelli

A partnership between Los Angeles-based Partners Capital and an unnamed $700m West Coast investment management company has formed Archway Fund, a private bridge lender. The firm’s plans to deploy about $100m into bridge lending over the next 12 months illustrates a broader trend among non-bank lenders filling the void created as commercial banks scale back, market players told REFI.

Archway will focus on loans of $2m-15m with terms of up to 24 months for opportunistic and value-add commercial real estate for single family residences, apartments, offices, industrial, and retail throughout the Western United States.The fund will primarily provide first trust deed loans up to 75% LTV for transactions that cannot be executed with conventional commercial real estate financing.

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