Cambridge Wilkinson ("CW") closed a $100MM credit facility for a long track record Real Estate Asset Manager that currently has more than 90,000 acres of land and manages over $3 billion of real estate assets. This facility will be used 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 6-24 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" said Rob Bolandian, Partner and Global Head of Investment Banking at Cambridge Wilkinson.