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New York & Tri-State  + New York  + Finance  |  March 13, 2024
Emily Fu
By: Emily Fu

Obra Capital Launches Real Estate Arm

Obra Capital, Inc. has expanded its offerings with the launch of Obra Real Estate, following the acquisition of the real estate origination and servicing team of Pangea Mortgage Capital (PMC).  

Led by managing director Scott Larson, formerly of Pangea Properties, and managing director Michael Bachenheimer, the team brings over 25 years of collective experience in commercial real estate lending. With a track record of originating over $780 million in loans across 100 transactions, Obra Real Estate aims to address the slowdown in commercial real estate lending and the tightening of available financing.

“The team’s focus and approach to commercial real estate lending is aligned with Obra’s asset-based finance strategies that seek areas where capital is scarce and non-correlated returns are available,” said Blair Wallace, president and CEO. 

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Inside The Story

Scott Larson

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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