BEB Capital has closed its first BEB Credit Opportunity Fund, L.P., raising approximately $150 million of capital and debt commitments. The fund is an extension of BEB Capital’s lending division, BEB Lending, which provides private and creative financing solutions for commercial real estate assets across the East Coast of the US. With a cap set at $150 million and projected gross returns ranging from thirteen to fifteen percent, this fund seeks to generate risk-adjusted returns by offering diversified real estate loans to sponsors in the continental US.
Lee Brodsky – CEO of BEB Capital – commented on their success: “We have invested in, owned, and managed commercial real estate assets for more than forty years combined; following our successes through our lending platform launching a credit fund was a natural next step in the evolution of our firm.” This marks another milestone for BEB as they continue their journey towards financial growth within the industry.
