Slate Property Group’s SCALE Lending Partners with Harel Finance

SCALE Lending, the debt financing arm of Slate Property Group, announced an initial partnership with Israel-based Harel Finance to support the deployment of construction and bridge loans on multifamily and condominium projects along the East Coast. It represents the third SCALE strategic lending partnership; the SCALE platform has invested $2.3 billion in credit since launching its first partnership in 2018.

New York City-based SCALE directly originates senior secured whole loans ranging between $50 million and $150 million, with a primary focus on local owner-operator borrowers. Over the past nine months, SCALE has closed on more than $800 million in financing and currently has in excess of $1 billion in the pipeline.

“We’re excited to expand our capital relationships by bringing on Harel Finance, an institutional partner that shares our vision and recognizes the opportunities available,” said Martin Nussbaum, co-founder and principal at Slate Property Group. “With an increased level of dislocation in the market, multifamily developers are starved for capital. That’s where SCALE can help – with our cross-functional business lines, we’re able to speak the same language as our borrowers and our institutional partners as we catalyze success for both.”

Pictured: Oran Rosenthal, portfolio manager – private debt, real estate at Harel Finance.