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Archway Capital Launches $150 Million Distressed Lending Program

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To meet the increase in lending activity, Archway Capital has bolstered its origination team with significant hires at its Los Angeles headquarters and East Coast office.

LOS ANGELES - eTradeWire -- Alternative investment manager Archway Capital has expanded its lending platform to include first mortgage debt, mezzanine capital, as well as preferred and CO-GP equity between $3 million and $15 million secured by performing and non-performing residential and commercial real estate, or on notes securing those assets.

The new suite of financial products complements Archways' current lending platform which provides short-term, non-recourse, fixed-rate senior debt between $2 million and $20 million up to 75% LTV for the acquisition or recapitalization of industrial, multifamily, office, single family and select internet-resistant retail assets in high-density and urban markets throughout the United States.

Archway plans to deploy approximately $150 million over the next 36 months, according to Archway Capital President and CEO Bobby Khorshidi.

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"Our new lending platform will meet the increasing demand from our borrowers who were looking to us as a one-stop shop for intelligent capital – both debt and equity -- as they seek the most effective pathway to reach their financial goals in complex real estate transactions," said Khorshidi.

To meet the increase in lending activity, Archway Capital has bolstered its origination team with significant hires at its Los Angeles headquarters and East Coast office.

Max Kirschenbaum has joined the firm as Director to grow the firm's national originations effort.  The former founding member of Washington, DC-based crowdfund investment firm Fundrise, Kirschenbaum will be responsible for sourcing investment opportunities and developing new investment strategies.  At Fundrise, he was directly responsible deploying more than $550M of joint-venture equity, preferred equity and debt investments in core, core-plus, value-add and development commercial real estate assets in top growth markets across the country.   Kirshenbaum earned a BA from Vanderbilt University and MBA from the Wharton School at the University of Pennsylvania.

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Archway also has announced that Greg E. Schecher has joined the firm as Director responsible for the East Coast region with a specific focus on the Southeast United States.   Over the course of his 35-year career in real estate, Schecher was senior member of the origination teams at Money360, NAI Global, and Keystone Bridge Capital.

About Archway Capital—
Archway Capital, LLC (https://archwayfund.com/) is an alternative investment manager that provides capital across the capital stack to real estate sponsors nationwide. Its products include Senior, 2nd Mortgages, Mezzanine Loans, and Preferred & JV Equity. The firm focuses on investing and financing transactions, targeting value-add and opportunistic acquisitions, and recapitalizations secured by transitional properties. Archway operates its business through a series of open-end funds, joint ventures and separate accounts.

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Source: Archway Capital
Filed Under: Real Estate

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