White Oak Global Advisors announced that it has brought on 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 high quality 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 tactically against a broad range of commercial real estate asset classes and real estate operating companies. Loan sizes will typically range from $25 million to $150 million.
The launch of WOREC extends White Oak's expertise in commercial real estate, building upon the success of real estate lending in other White Oak affiliates including White Oak Commercial Finance and White Oak Healthcare Finance.
“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,” said Andre Hakkak, CEO and Co-founder of White Oak.
“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,” said Tanjeloff, who previously launched and led a similar effort at Melody Capital Partners as Head of Real Estate Investments. “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.”
Eric Tanjeloff brings over 20 years of experience to White Oak Real Estate Capital. Most recently, Eric served as a Managing Director and Head of Real Estate Investments at Melody Capital Partners, LP, an investment management firm and was also a member of its investment committee. Prior to joining Melody, Eric worked in the Real Estate and Lodging Investment Banking division at JP Morgan as an Executive Director and co-led CBRE's real estate capital and advisory division in the U.S.
White Oak Real Estate Capital, LLC (“WOREC”), an affiliate of White Oak Global Advisors, LLC is a lender to the commercial real estate industry specializing in originating bespoke financing solutions secured by transitional assets. WOREC offers loans across the capital structure, from first lien stretch senior loans to special situations bridge loans. The company is headquartered in New York City.
White Oak Global Advisors, LLC is a leading global alternative asset manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises. Since its inception in 2007, White Oak Global Advisors’ disciplined investment process focuses on delivering risk-adjusted investment returns and establishing long term partnerships with our borrowers.