T30 Capital LLC has formed a strategic partnership with Blueprint Capital Advisors LLC to scale its commercial real estate lending activities while increasing its social impact.
T30 is a vertically integrated, multi-strategy institutional real estate investment and operations platform. Blueprint is a $1.4 billion registered investment advisor focused on fund and direct investments in alternative credit.
The two companies plan to identify and execute $5 million to $50 million senior bridge and construction loans for a range of property types, including multifamily, mixed-use, hotel and industrial, along the Northeast Corridor.
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Further, they are committing to “open door sourcing” to increase lending to sponsors that are minority- and women-owned business enterprises (MWBEs), which have traditionally faced funding challenges in the commercial real estate industry. Together, they will seek to expand the pipeline of loan opportunities from $750 million to $2.5 billion.
In a prepared statement, Margaret Grossman, T30’s managing partner & president, said that Blueprint is well-recognized for supporting capital access to and growth of MWBE sponsors, and that the companies expect that the net result of their combined efforts will be access to a significant volume of niche and differentiated deal flow that delivers attractive yield and solid downside protection.
T30 is a woman-led firm, and its debt platform, formerly known as Fort Amsterdam Capital, is led by managing partners Ms. Grossman, David Schwartz and Jeremy Salzberg, who have collectively deployed about $1.5 billion of capital through more than 250 real estate transactions across debt and equity, including 40 credit deals through the previous FAC Funds I and II.
In the prepared statement, Schwartz remarked that she sees a compelling opportunity to build on the company’s core competencies in middle market CRE direct lending, particularly today, in light of recent volatility in equity and fixed income markets.”
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