Fairbridge Asset Management Announces up to $ 100 Million Loan Agreement with Oaktree

NEW YORK, NEW YORK, UNITED STATES, April 28, 2022 /EINPresswire.com/ – Fairbridge Asset Management Announces up to $ 100 Million Loan Agreement with Oaktree.

Investment bolsters Fairbridge’s position as a leader in bridge financing.

Fairbridge Asset Management LLC (“Fairbridge” or the “Company”), a direct private portfolio lender focused on originating, investing and managing commercial real estate loans in major markets throughout the United States, today announced that it has entered into a $ 50 million loan agreement with an option for two additional $ 25 million tranches with funds managed by Oaktree Capital Management, LP (“Oaktree”), a leading global investment firm. Oaktree will also receive warrants to purchase a minority interest in Fairbridge. The Company expects that the proceeds from the financing will support the expansion of Fairbridge’s bridge lending platform.

Fairbridge provides fast, flexible and creative bridge funding solutions to real estate professionals looking to capitalize on opportunistic real estate transactions. The Company’s institutional platform can originate mortgage loans with a principal value of up to $ 50 million, with a particular emphasis on borrowers seeking $ 10 million or less. The Fairbridge management team believes the inefficiency and fragmentation of this market segment allows for greater yields and better structuring opportunities.

Brian Walter, Co-founder and Managing Partner of Fairbridge, said, “The market for bridge lending is complicated and disjointed. We assist borrowers by delivering integrated, creative solutions that unlock value across the entire capital structure. This investment from Oaktree will support our pursuit of capturing a larger share of the fast-growing bridge lending market. ”

John Lettera, Co-founder and Partner of Fairbridge, added, “Oaktree is an experienced investor with significant resources and expertise in providing creative financing solutions. This commitment will enable us to continue executing on our robust pipeline of transactions and organic growth initiatives. We are very pleased to welcome Oaktree as a financing partner to accelerate our next stage of growth. ”

Raghav Khanna, Managing Director and Co-Portfolio Manager, and Matthew Stewart, Senior Vice President at Oaktree, said in a joint statement, “We are delighted to partner with Fairbridge as it executes on its growth strategy of providing innovative bridge loan solutions to commercial real estate borrowers. Fairbridge has a strong, experienced management team and compelling story. We believe the company is well-positioned to be a leader in this rapidly-growing segment of the real estate market. ”

Hunton Andrews Kurth LLP served as legal counsel to Fairbridge. Paul Hastings LLP served as legal counsel to Oaktree.

About Fairbridge Asset Management

Fairbridge is a vertically integrated real estate private equity firm with expertise in real estate credit strategies. Fairbridge pursues debt investments by originating senior secured loans, mezzanine loans and preferred equity investments for the construction, acquisition, and refinancing of commercial real estate, and by acquiring non-performing loans and preferred equity investments. Fairbridge is a portfolio lender and manages several investment vehicles. For additional information, please visit Fairbridge’s website at http://www.fairbridgellc.com.

About Oaktree

Oaktree is a leader among global investment managers specializing in alternative investments, with $ 158 billion in assets under management as of September 30, 2021. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities. The firm has over 1,000 employees and offices in 19 cities worldwide. For additional information, please visit Oaktree’s website at http://www.oaktreecapital.com.

Steve Wissak
Fairbridge Asset Management
+1 914-588-9063
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