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BEB Capital Closes $150M Real Estate Credit Fund
Port Washington-based BEB Capital has closed its first BEB Credit Opportunity Fund, L.P., raising approximately $150 million of capital and debt commitments.
BEB Credit is an extension of BEB Capital’s lending division, BEB Lending, which provides private and creative financing solutions for commercial real estate assets across the East Coast of the US. The fund aims to generate risk-adjusted returns by offering diversified real estate loans to sponsors in the continental US, targeting a cap of $150 million and projected gross returns of thirteen to fifteen percent.
“BEB has invested in, owned, and managed commercial real estate assets for more than forty years combined, and following the success we’ve seen through our lending platform, launching a credit fund was a natural next step in the evolution of our firm,” said Lee Brodsky, CEO of BEB Capital.
