Fairview Partners Investment Management, LLC has reached a significant milestone with the initial close of its latest flagship fund, Fairview Investment Fund VIII, LP (Fund VIII). The fund has received $75 million in anchor commitments towards its target of $250 million.
As with their previous funds, Fund VIII will focus on a diverse portfolio of senior secured private real estate loans. This includes two underserved market segments: distressed debt and small- to mid-balance loans.
According to Nels Stemm, founding principal at Fairview Partners, there is currently strong activity in the loan sale market and demand for their unique forms of real estate financing. He also notes that distress is spreading beyond just office properties and permanent lenders are looking to clean up their balance sheets by reducing loan extensions.
Established in 2011 and based in Seattle Washington, Fairview Partners has sponsored ten funds so far and invested over $750 million across nearly 500 loans. Their expertise as an investment fund manager makes them well-equipped to navigate the ever-changing real estate landscape.
