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Capital One, Kayne Anderson Team on Unitranche Loans
Capital One and Kayne Anderson Real Estate (KARE) are teaming up on a new unitranche loan program, focused on the commercial and healthcare real estate industries. The program, through Structured Real Estate Capital, LLC, will provide real estate borrowers with first lien unitranche loans, which blend senior and junior debt pricing and terms.
“This product will allow our clients to quickly close financings with added simplicity and reliability” said Earl Smith, head of strategic investments group, Capital One Commercial Banking. “We are excited to partner with Kayne Anderson to add this real estate-focused unitranche loan program to our offerings.”
At KARE, CIO David Selznick said his company’s “deep knowledge of and experience in seniors housing, medical office, and student/multifamily housing will provide execution certainty and efficiency for unitranche loan customers.”
Capital One launched its first unitranche product in late 2016, and has since closed more than $1.8 billion in commitments.
Pictured: Capital One headquarters
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
