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Alternative Market Briefing

Churchill Real Estate racks up $2bn

Thursday, August 13, 2020

Laxman Pai, Opalesque Asia:

Churchill Real Estate has picked up $2bn of new institutional capital as it looks to capitalize on residential transition lending.

According to the real estate investment firm focused on real estate debt, equity, and distressed opportunities in the United States, the investment commitment reflects the strength of the firm's residential transition lending (RTL) portfolio, real estate investment expertise and excellent track record, while affirming the healthy lending opportunities that exist in the RTL space.

"This transaction positions Churchill to expand our ability to capitalize on the burgeoning real estate market opportunities related to RTL, which include investor-purpose debt, bridge funding, fix-and-flip financing, condo inventory, and new construction loans," said Travis Masters, Managing Partner, Churchill Real Estate.

"The transaction is a testament to our combined expertise and overall knowledge of the industry which promotes the return profile our partners have come to expect from investing with Churchill. It is a really exciting time for Churchill and we look forward to expanding our business in a prudent and risk mitigated way," Travis added.

According to a press release, the newly committed capital, which comes from institutional foreign investors and has an investment-grade rating, will serve as a discretionary funding vehicle that can be made available for investment across any of Churchill's real estate lending......................

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