White Oak Global Advisors hired Eric Tanjeloff as managing principal to lead White Oak Real Estate Capital (WOREC), a newly formed affiliate focused on credit opportunities in commercial real estate.

WOREC will initially focus on direct loan origination secured by real estate assets in the U.S. The affiliate will provide owners of transitional assets flexible capital to execute value add and opportunistic business plans, ranging from ground-up construction to acquisition and lease-up bridge loans. WOREC will lend against a range of commercial real estate asset classes and real estate operating companies. Loan sizes will typically range from $25 million to $150 million.

“We have strong conviction in the plethora of complementary opportunities that the commercial real estate space will provide to White Oak’s clients. Pairing Eric’s experience with the full backing of White Oak’s lending platform differentiates us in the marketplace and positions us for success,” Andre Hakkak, CEO and co-founder of White Oak, said.

“I am extremely excited to join such a world-class organization and help expand White Oak’s deep product offerings in private credit to the real estate industry,” Tanjeloff said. “White Oak has a track record of reliable execution and consistent results and has the opportunity to help the commercial real estate sector grow and recover at a time when more investment is needed to stabilize the industry.”

Tanjeloff has more than 20 years of experience. Most recently, Tanjeloff served as a managing director, head of real estate investments and a member of the investment committee at Melody Capital Partners, an investment management firm. Prior to joining Melody, Tanjeloff worked in the real estate and lodging investment banking division at JPMorgan as an executive director and co-led CBRE’s real estate capital and advisory division in the U.S.