Archway Launches $150M Distressed Lending Platform
Archway Capital has launched a distressed lending platform, with plans to deploy approximately $150 million over the next 36 months. The Los Angeles-based alternative investment manager expanded its lending platform to include first mortgage debt and mezzanine capital along with preferred and co-GP equity between $3 million and $15 million secured by performing and non-performing residential and commercial real estate, or on notes securing those assets.
“Our new lending platform will meet the increasing demand from our borrowers who were looking to us as a one-stop shop for intelligent capital – both debt and equity — as they seek the most effective pathway to reach their financial goals in complex real estate transactions,” said Archway president and CEO Bobby Khorshidi.
The new platform complements Archway’s current lending platform which provides short-term, non-recourse, fixed-rate senior debt up to 75% LTV to acquire or recapitalize commercial real estate in high-density and urban markets.
As it scales its platform, Archway is also growing its team. The firm has added Max Kirschenbaum to grow its national originations effort. The former founding member of Washington, DC-based crowdfund investment firm Fundrise, Kirschenbaum will be responsible for sourcing investment opportunities and developing new investment strategies.
Pictured: Max Kirschenbaum.