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Pembrook Funds Approaching $2B in Workforce Housing Loans
Pembrook Capital Management LLC, a national affordable and workforce housing lender based in New York, has originated or participated in 148 investments totaling nearly $2 billion since its inception in 2007.
The firm has been committed to the sector for over 17 years, providing funding when many traditional real estate lenders pulled back. Pembrook has financed over 15,000 units for approximately 37,000 tenants, including notable transactions like tax-exempt financing for a 600-unit portfolio in Kansas City and first mortgage financing for Ballpark Place Apartments in San Diego. Pembrook’s Corporate School Grant Program supports local schools in its investment neighborhoods, with 15 educational initiatives funded to date.
“Pembrook is dedicated to financing the development and improvement of high-quality housing for working families across the nation,” said Stuart J. Boesky, CEO of Pembrook. “We raise our capital through a series of private debt and equity strategies that strive to produce a consistent return to our investors.”
- ◦Financing