SCALE Lending, the debt financing division of Slate Property Group, has announced a new partnership with Harel Finance from Israel. This collaboration will provide support for construction and bridge loans on multifamily and condominium projects along the East Coast. It marks SCALE’s third strategic lending partnership since its launch in 2018, during which it has invested $2.3 billion in credit.
Based in New York City, SCALE specializes in originating senior secured whole loans ranging from $50 million to $150 million for local owner-operator borrowers. In the past nine months alone, they have closed over $800 million worth of financing and currently have more than $1 billion lined up for future projects.
Martin Nussbaum, co-founder and principal at Slate Property Group expressed his excitement about this new venture: “We are thrilled to expand our capital relationships by partnering with Harel Finance – an institutional partner that shares our vision and recognizes the potential opportunities available.” He also highlighted how SCALE can help fill a gap in today’s market where multifamily developers are struggling to secure necessary funding due to increased market volatility caused by current events.
With their diverse business lines that allow them to effectively communicate with both borrowers and institutional partners alike, SCALE is confident they can facilitate success for all parties involved through this latest partnership.
