New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Northwind Forges Institutional Capital Partnership with ATLAS SP
Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, has formed a $300-million institutional capital partnership with ATLAS SP Partners, the warehouse finance and securitized products business majority owned by Apollo funds. The partnership provides Northwind Debt Fund III with access to a lower cost of capital.
The arrangement is expected to drive expanded origination volume and market share for NDF III as it continues to lend in the New York City region and other major gateway cities across the U.S. The fund will lend predominantly on multifamily residential, for-sale condos, industrial, office and other major property types.
“Bringing in an institutional partner of ATLAS’s caliber allows us to offer borrowers flexible and friendly financing solutions with high certainty of execution,” said Ran Eliasaf, founder and managing partner of Northwind. “In today’s market, that combination is rare, and we believe it positions NDF III to further execute on our business plan.”
- ◦Financing
