Arixa Capital Advisors, a private real estate lender and investment manager, launched a $100 million joint venture with funds managed by Oaktree Capital Management to originate senior secured loans backed by residential and commercial real estate.
“Arixa is known for its long-term relationships, built over the course of originating more than $3.5 billion in real estate loans,” Seth Davis, managing director of Arixa Capital, said. “With the support of Oaktree, a premier global investment manager, we will expand Arixa’s capacity to meet the needs of professional real estate investors and developers who continue to generate attractive investment opportunities and require reliable access to capital for their success.”
“As an experienced capital provider in this space, we are thrilled to partner with Arixa Capital and support the expansion of its vertically integrated lending program,” Jason Keller, managing director and assistant portfolio manager of Oaktree’s Real Estate Group, said. “We are impressed with both Arixa’s historical track record of loan performance and the strategic planning that is driving the company’s future growth.”
The joint venture is designed to provide bridge, renovation and construction loans across residential and small balance commercial real estate projects. The partnership will focus on urban infill markets, targeting opportunities in California, Arizona and other Western U.S. markets.
“We are excited to partner with Oaktree and owe this opportunity to the talented real estate investors and developers who partner with us, year after year,” Greg Hebner, managing director of Arixa Capital, said. “As an independent lender, we have a personal stake in the success of our borrowers. In partnering with them over the past 13-plus years, we know what it takes to build their vision: quick decisions, customized solutions, and exceptional service. This new joint venture provides us with significant additional capacity to continue supporting our clients’ financing needs.”
