Invictus Capital Partners Establishes Commercial Real Estate Credit Division, Invictus Commercial Real Estate Finance

Invictus Capital Partners | June 02, 2020

Invictus Capital Partners, L.P., a Washington, D.C.-based alternative investment management firm, today announced the creation of a commercial real estate credit division, Invictus Commercial Real Estate Finance. It will be led by Ricardo Koenigsberger and Kenneth Witkin who have been appointed as Senior Managing Directors and Co-Presidents and charged with strategically building and managing a multi-disciplined commercial real estate credit platform.

Spotlight

One major pro of listing yourself is saving the hefty 6% commission fee that real estate agents typically charge to market and broker a deal for your home.

Spotlight

One major pro of listing yourself is saving the hefty 6% commission fee that real estate agents typically charge to market and broker a deal for your home.

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REAL ESTATE TECHNOLOGY

Yardi Solutions Expands REstack Advisors Inc.'s Real Estate Management Options

REstack | March 02, 2021

REstack Advisors Inc's. land property and speculation the executives customers would now be able to utilize Yardi Voyager® Commercial and Yardi® Elevate arrangements authorized by the asset overseer as their own innovation stage. Yardi Voyager and Yardi Elevate house information for bookkeeping, financial backer correspondence, arrangement and rent the executives, valuations, development and that's just the beginning. REstack helps its customers by dealing with their presentation and activities from a solitary associated arrangement, wiping out the requirement for various frameworks that require awkward interfaces. "Yardi Voyager and Yardi Elevate, which power our fund administration dashboard, helps REstack automate data transfers and operational insights, allowing our clients to focus on buying, selling and developing real estate," said Anthony Paes-Braga, co-founder of REstack. "The dashboard constitutes a single source of truth that accommodates a firm's unique needs and resources." "By adopting Yardi, we are working with a cloud-based industry leader that has a good understanding of the real estate investment space and a commitment to innovation," continued Paul Kevener, chief executive officer and co-founder of REstack. "With this collaboration, we aim to bring that innovation to our client base to help build their portfolios and maximize asset performance." "REstack clients using our cloud platform can easily add solutions as new business needs emerge without incurring additional IT costs," said Peter Altobelli, vice president of sales and general manager for Yardi Canada. "We're excited to join REstack in creating an approach that helps real estate investment managers prioritize their immediate needs and optimize asset performance."

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REAL ESTATE TECHNOLOGY

The first closure of its new USD 500 million office development platform was announced by Godrej Fund Management

prnewswire | January 18, 2021

Godrej Fund Management ("GFM"), the land private value arm of the Godrej Group, declares the First Close of its USD 500 million office improvement stage, GBTC II in association with Netherlands based APG Asset Management N.V. ("APG"), the foundation financial specialist in the stage. Under this program, GFM will be able to create Class-An office resources that will be esteemed in abundance of USD 1.5 billion (~INR 11,000 crore) on finishing and the all out estimation of office resources including those from past assets will take the portfolio esteem on fruition to over USD 3 billion (~INR 22,000 crore). GFM has completely contributed the recently raised capital under GBTC I and Godrej Office Fund I. GBTC is a 'club-style' office speculation system that puts resources into creating top notch places of business in ideal spots across the main office markets in India. The stage as of now has a solid venture pipeline and means to convey the recently raised capital inside a year. This is the third India centered office adventure and fifth by and large, supported by GFM. Mr. Karan Bolaria, Managing Director & CEO, Godrej Fund Management, said, "We are pleased to partner with APG on our second build to core platform. Our Group has strong conviction in India's premium office sector and we believe the current dislocation in markets provides attractive capital deployment opportunities. The addition of this platform brings significant scale to our overall strategy and will open up strategic avenues for value maximization in the future." Mr. Graeme Torre, Managing Director, APG Asset Management Asia, said, "We are looking forward to another successful partnership with Godrej. The build-to-core strategy for Indian offices aligns very well with our broader investment aspirations for our pension fund clients and our desire to invest alongside partners who offer best-in-class execution capabilities." About Godrej Fund Management Godrej Fund Management, based in Singapore, is the real estate private equity arm of the Godrej Group. GFM brings the Godrej Group's philosophy of good governance, innovation, sustainability and excellence to the real estate private equity space. It seeks to provide strong risk adjusted returns to its partners through the strategic combination of world class investment management and development management capabilities. About APG Every day APG is busy with something that already concerns millions of Dutch people and one day will concern millions more: pensions. APG strives to provide a good pension in a livable world for all participants, employers and pension funds. Together we work on a sustainable future in which we do not only look at prosperity, but also at well-being. Because pensions are about people, life and how we live together. So that we, our parents, and our children can enjoy a good income. Today, tomorrow, and beyond. As the largest pension provider in the Netherlands APG looks after the pensions of 4.7 million participants. APG provides executive consultancy, asset management, pension administration, pension communication and employer services. We work for pension funds and employers in the sectors of education, government, construction, cleaning, housing associations, sheltered employment organizations, medical specialists, and architects. APG manages approximately €560 billion (November 2020) in pension assets. With approximately 3,000 employees we work from Heerlen, Amsterdam, Brussels, New York, Hong Kong, Shanghai and Beijing.

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REAL ESTATE TECHNOLOGY

CIT Group today announced Real Estate Finance business provided a $38 million senior secured loan toward the acquisition of an apartment complex

prnewswire | November 30, 2020

CIT Group Inc. today reported that its Real Estate Finance business gave a $38 million senior made sure about advance toward the obtaining of a high rise in Winter Park, Florida. The property, claimed by Phoenix Realty Group ("PRG") and its speculators and associated elements, is known as Lakeside at Winter Park and comprises of 288 units of nursery style lofts on in excess of 26 sections of land with pleasantries including a pool, wellness focus, clubhouse and tennis, ball and volleyball courts. The financing was utilized for the obtaining and to keep progressing redesigns and enhancements at the complex. "Lakeside at Winter Park is in an attractive location within the Greater Orlando market, a geography PRG has been investing in and targeting for many years," said Ron Orgel, Managing Director and Head of East Coast Acquisitions at PRG. "Given PRG's value-added experience and knowledge of the Orlando market, we look forward to continuing to develop and maintain the facilities at the property, including improving the units and amenity offerings for the residents. We appreciate CIT's agility and expertise in arranging this financing." "We regularly invest in residential properties in major metropolitan areas and Lakeside at Winter Park is a great fit for our portfolio," said Chris Niederpruem, managing director and group head for CIT's Real Estate Finance business. CIT's Real Estate Finance business, part of the Commercial Finance division, originates and underwrites senior secured real estate transactions. With deep market expertise, underwriting experience and industry relationships, the group provides financing for single properties, property portfolios and loan portfolios. About CIT CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The company's commercial banking segment includes commercial financing, community association banking, middle market banking, equipment and vendor financing, factoring, railcar financing, treasury and payments services, and capital markets and asset management. CIT's consumer banking segment includes a national direct bank and regional branch network.

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