Blue Light Capital, based in New York, has recently launched Blue Light Credit to fill the gap in middle-market commercial real estate lending. The team is led by Jeremy Burton and Tristine Lim, with Greg Manocherian of RoeCo Holdings LLC also joining as a partner. With over three decades of experience in real estate, Manocherian brings valuable expertise to the venture.
The focus of Blue Light Credit is on bridge loans and distressed notes ranging from $15 million to $75 million across the nation. They aim for transactions worth $300-500 million within the next year. According to founder Tepedino, “We are delighted to have Jeremy and Tristine on board with their combined 36 years of experience in originating and acquiring commercial real estate loans.” He further added that at a time when fewer lenders are active in middle-market financing, Blue Light will provide crucial liquidity for various sectors within the industry.
This news was originally published on Connect CRE’s website.
