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Walton Street Launches Core Debt Platform
Chicago-based Walton Street Capital, L.L.C. recently launched a core debt platform to target floating-rate and fixed rate loans secured by stabilized, income-generating assets in major U.S. markets. The platform intends to close more than $400 million of pipeline loans through the end of the year and expects to have lending capacity in excess of $1 billion by mid-2022.
The core debt platform will focus on lower risk, lower coupon loans than those pursued by Walton Street Real Estate Debt Fund II (WSREDII), a Walton Street closed-end fund that targets shorter-term, floating rate loans secured by more transitional and/or less stabilized assets.
“Our investment team continues to source attractive lower risk, lower yielding opportunities from our borrower network that do not fit the target investment parameters for WSREDII,” said Richard Ratke, managing principal at Walton Street. “The core debt platform satisfies a capital void in our origination strategy.”
- ◦Financing
