ORIX USA’s Real Estate Investment Strategies group announced the closing of three first mortgage bridge loans totaling $126 million to support Bain Capital Real Estate and Urban Moment Development in refinancing existing construction debt and advancing the lease-up and stabilization of a three-property YardHome multifamily portfolio in Texas.
“We are delighted to partner with Bain Capital and Urban Moment Development on this three-property portfolio,” said Stephen Klufas, Managing Director, ORIX USA. “These are highly accessible, amenity-rich properties built to institutional standards and located in high-growth metros, coupled with an operating partner with a robust track record.”