Cambridge Wilkinson closed a $100 million credit facility for a real estate asset manager that currently has more than 90,000 acres of land and manages more than $3 billion of real estate assets. The real estate asset manager will use the facility to purchase land that has been identified by one of the largest national homebuilders for their near-term single-family home development pipeline. These assets are expected to cash flow within six to 24 months.
“We are excited to be able to source flexible credit facilities for our clients which allows them to scale their platforms. Our real estate clients with robust pipelines of acquisition targets benefit from these customized facilities, as they do not need to constantly tap into the capital markets to execute on their strategy on a deal-by-deal basis” Rob Bolandian, partner and global head of investment banking at Cambridge Wilkinson, said.
