DENVER–JCR Capital Investment Corp. says it has sold minority interests of the company to StanCorp Financial Group, and Soundview Real Estate Partners. The transaction closed on Jan. 9.
As part of the deal, StanCorp will partner with JCR to expand its bridge lending program. Soundview, who JCR has partnered with on over $200 million of transactions in JCR's previous private funds, has contributed significant equity to co-lead JCR's next fund, JCR Commercial Real Estate Finance Fund III, L.P. (Fund III), which will launch in January of 2014.
Founded in 2006, JCR focuses on providing capital to transitional, opportunistic and distressed middle market commercial real estate assets throughout the United States. JCR provides capital structured as bridge loans, mezzanine loans, preferred equity and joint venture equity.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
