{"id":1004119627,"date":"2015-05-19T06:53:55","date_gmt":"2015-05-19T14:53:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004119627"},"modified":"2022-12-07T08:21:25","modified_gmt":"2022-12-07T16:21:25","slug":"related-closes-on-4-multi-family-condo-debt-investments","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/related-closes-on-4-multi-family-condo-debt-investments\/","title":{"rendered":"Related\u2019s New Debt Focus"},"content":{"rendered":"

By Barbra Murray, Contributing Editor<\/em><\/p>\n

\"Brian<\/a>

Brian Sedrish, Related Cos.<\/p><\/div>\n

Related Cos.\u2019 Related Fund Management, acting through its real estate credit platform, has just announced the completion of financing on four debt investments in four multi-family and condominium assets in leading U.S. cities. The three loans and single preferred equity investment total $217.9 million.<\/p>\n

It\u2019s a notable amount of activity within a short timeframe, but RFM has its goals. \u201cAs the credit markets have tightened further, RFM’s focus has been, and continues to be on finding ways to differentiate ourselves from our competitors and exploiting the significant financing gaps in the residential and commercial real estate markets nationwide,\u201d Brian Sedrish, a managing director of Related Fund Management and portfolio manager for the firm\u2019s credit platform, told Commercial Property Executive<\/em>.<\/p>\n

RFM provided a $16.5 million mezzanine loan that will help erect a 310-unit apartment tower in Chicago\u2019s River North area, and another mezzanine loan totaling $29.4 million as part of the development of a 398-residence multi-family project in Los Angeles\u2019 trendy Koreatown neighborhood. The firm\u2019s largest commitment in this recent round of investments is a $142 million preferred equity investment in the $600 million acquisition and renovation of a 5,000-unit multi-family portfolio, located in key cities in Florida, Georgia, North Carolina and Texas.<\/p>\n

And RFM\u2019s latest activities extended beyond the apartment sub-sector of the multi-family arena. The firm also provided a $30 million mezzanine loan for a high-rise condominium project that will yield 82 luxury residences in Philadelphia\u2019s Fitler Square neighborhood.<\/p>\n

\u201cMulti-family and for-sale residential are product types which we possess a great depth of knowledge in and expect they will be asset types that we will continue to lend heavily on,\u201d said Sedrish.<\/p>\n

However, RFM is hardly limiting itself to a single sector–or country, for that matter. Sedrish added, \u201cOf course, we will focus our attention on alternative asset classes–retail, hotel, office, specialty use–as opportunities present themselves. In addition, with Related’s recent initiatives in London, the credit business is now actively seeking transaction in select European markets.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Related Cos.\u2019 Related Fund Management wants to differentiate itself from its competitors.<\/p>\n","protected":false},"author":969,"featured_media":1004119632,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,13,21742],"tags":[],"class_list":["post-1004119627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-midwest","category-latest"],"acf":[],"yoast_head":"\nRelated\u2019s New Debt Focus - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/related-closes-on-4-multi-family-condo-debt-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Related\u2019s New Debt Focus\" \/>\n<meta property=\"og:description\" content=\"Related Cos.\u2019 Related Fund Management wants to differentiate itself from its competitors.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/related-closes-on-4-multi-family-condo-debt-investments\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-05-19T14:53:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T16:21:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Brian-Sedrish-Related-Cos..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"448\" \/>\n\t<meta property=\"og:image:height\" content=\"204\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/related-closes-on-4-multi-family-condo-debt-investments\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/related-closes-on-4-multi-family-condo-debt-investments\\\/\"},\"author\":{\"name\":\"Barbra Murray\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"headline\":\"Related\u2019s New Debt Focus\",\"datePublished\":\"2015-05-19T14:53:55+00:00\",\"dateModified\":\"2022-12-07T16:21:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/related-closes-on-4-multi-family-condo-debt-investments\\\/\"},\"wordCount\":350,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/related-closes-on-4-multi-family-condo-debt-investments\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/05\\\/Brian-Sedrish-Related-Cos..jpg\",\"articleSection\":[\"Investment\",\"Midwest\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/related-closes-on-4-multi-family-condo-debt-investments\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/related-closes-on-4-multi-family-condo-debt-investments\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/related-closes-on-4-multi-family-condo-debt-investments\\\/\",\"name\":\"Related\u2019s New Debt Focus - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/related-closes-on-4-multi-family-condo-debt-investments\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/related-closes-on-4-multi-family-condo-debt-investments\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/05\\\/Brian-Sedrish-Related-Cos..jpg\",\"datePublished\":\"2015-05-19T14:53:55+00:00\",\"dateModified\":\"2022-12-07T16:21:25+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/related-closes-on-4-multi-family-condo-debt-investments\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/related-closes-on-4-multi-family-condo-debt-investments\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/related-closes-on-4-multi-family-condo-debt-investments\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/05\\\/Brian-Sedrish-Related-Cos..jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/05\\\/Brian-Sedrish-Related-Cos..jpg\",\"width\":448,\"height\":204,\"caption\":\"Brian Sedrish, Related Cos.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/related-closes-on-4-multi-family-condo-debt-investments\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Related\u2019s New Debt Focus\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\",\"name\":\"Barbra Murray\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"caption\":\"Barbra Murray\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/barbra-murray\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Related\u2019s New Debt Focus - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/related-closes-on-4-multi-family-condo-debt-investments\/","og_locale":"en_US","og_type":"article","og_title":"Related\u2019s New Debt Focus","og_description":"Related Cos.\u2019 Related Fund Management wants to differentiate itself from its competitors.","og_url":"https:\/\/www.commercialsearch.com\/news\/related-closes-on-4-multi-family-condo-debt-investments\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2015-05-19T14:53:55+00:00","article_modified_time":"2022-12-07T16:21:25+00:00","og_image":[{"width":448,"height":204,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Brian-Sedrish-Related-Cos..jpg","type":"image\/jpeg"}],"author":"Barbra Murray","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/related-closes-on-4-multi-family-condo-debt-investments\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/related-closes-on-4-multi-family-condo-debt-investments\/"},"author":{"name":"Barbra Murray","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32"},"headline":"Related\u2019s New Debt Focus","datePublished":"2015-05-19T14:53:55+00:00","dateModified":"2022-12-07T16:21:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/related-closes-on-4-multi-family-condo-debt-investments\/"},"wordCount":350,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/related-closes-on-4-multi-family-condo-debt-investments\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Brian-Sedrish-Related-Cos..jpg","articleSection":["Investment","Midwest","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/related-closes-on-4-multi-family-condo-debt-investments\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/related-closes-on-4-multi-family-condo-debt-investments\/","url":"https:\/\/www.commercialsearch.com\/news\/related-closes-on-4-multi-family-condo-debt-investments\/","name":"Related\u2019s New Debt Focus - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/related-closes-on-4-multi-family-condo-debt-investments\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/related-closes-on-4-multi-family-condo-debt-investments\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Brian-Sedrish-Related-Cos..jpg","datePublished":"2015-05-19T14:53:55+00:00","dateModified":"2022-12-07T16:21:25+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/related-closes-on-4-multi-family-condo-debt-investments\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/related-closes-on-4-multi-family-condo-debt-investments\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/related-closes-on-4-multi-family-condo-debt-investments\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Brian-Sedrish-Related-Cos..jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Brian-Sedrish-Related-Cos..jpg","width":448,"height":204,"caption":"Brian Sedrish, Related Cos."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/related-closes-on-4-multi-family-condo-debt-investments\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Related\u2019s New Debt Focus"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32","name":"Barbra Murray","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","caption":"Barbra Murray"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/barbra-murray\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/05\/Brian-Sedrish-Related-Cos..jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004119627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/969"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004119627"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004119627\/revisions"}],"predecessor-version":[{"id":1004624901,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004119627\/revisions\/1004624901"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004119632"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004119627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004119627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004119627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}