
Archway Fund Completes Recap, Will Provide CRE Debt to Middle Market as Archway Capital
Partners Capital Finance Inc., which does business as Archway Fund, and the principals of alternative investment manager Oakhurst Advisors, successfully completed a recapitalization of the Los Angeles-based direct portfolio bridge lender. The company will now originate short-term commercial real estate debt under the new name Archway Capital.
Archway Fund founder Bobby Khorshidi, who will now serve as president and CEO of Archway Capital, says, “… this recapitalization provides us with the strength and capacity to close quickly on loans at a time of uncertainty in the real estate capital markets. It might seem a little counterintuitive, but I believe there’s no better time than now to lend. There’s been a market reset, and we’re able to start fresh and consider real estate values where they are today, not where they were six months ago.”
In its first fund of several planned funds under the new name, Archway Capital will provide short-term, fixed-rate senior debt between $2 million and $20 million for the acquisition or recapitalization of industrial, multifamily, office, SFR and select internet-resistant retail assets in high-density and urban markets throughout the U.S. It will provide non-recourse, interest-only, fixed-rate loans up to 75% LTV with high single digit rates.
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