Obra Capital, Inc. has recently expanded its offerings with the launch of Obra Real Estate. This move follows the acquisition of Pangea Mortgage Capital’s (PMC) real estate origination and servicing team. The team is led by managing directors Scott Larson and Michael Bachenheimer, who bring over 25 years of combined experience in commercial real estate lending to Obra.
Under their leadership, PMC has successfully originated over $780 million in loans across 100 transactions. With this new venture, Obra Real Estate aims to address the current slowdown in commercial real estate lending and limited financing options.
According to Blair Wallace, president and CEO of Obra Capital Inc., this strategic move aligns with their asset-based finance strategies that target areas where capital is scarce but offer non-correlated returns.
The company’s focus on expertly navigating the complex world of commercial real estate lending makes it a valuable addition to the market for both borrowers and investors alike.
