Bravo Partners With Middle East Investor on US Property Loans - Bloomberg

Bravo Partners With Middle East Investor on US Property Loans - Bloomberg

Bravo Property Trust, a real estate credit investment platform, signed an agreement with a Middle Eastern investment manager to finance $400 million of property loans in the US.

Bravo signed an agreement with a Middle Eastern asset manager that oversees sovereign wealth fund capital, according to a statement that didn’t name the investor. The capital will be deployed across whole loan bridge, construction and stabilized apartment and healthcare-property deals.

“This partnership reflects the increasing demand from sovereign and institutional capital for direct access to high-quality, asset-backed credit in the U.S. housing market,” Bravo’s Chief Executive Officer Aaron Krawitz said in the statement.

The investment will focus on properties that have a clear path for a takeout by the US Department of Housing and Urban Development or another agency. Since the firm’s inception, Bravo and its affiliates have originated and financed more than $1.6 billion in bridge and HUD-focused loans.

Investors have been drawn to opportunities across the US real estate credit market, as borrowing rates remain high. Many banks also have pulled back, creating more opportunities for other lenders willing to step in. And firms have been bullish on financing apartments while a housing shortage in the US threatens to keep rents relatively high.