Bain Capital, SKW Funding Eye $1.3 Billion in Real Estate Debt

Bain Capital Credit LP and SKW Funding have launched a joint investment venture targeting $1.3 billion in real estate debt consisting of loan originations and debt acquisitions over the next several years.

The join venture is the second for the two firms and has already clinched a $410 million loan origination secured by the 111 Wall Street office building in New York City, according to a statement. As part of the origination, SKW and Bain Capital Credit provided mezzanine debt financing. The duo also nabbed a $42 million note purchase secured by an office building portfolio in Austin, Texas. ...