NEW YORK CITY—Related Companies says it has closed on four multifamily and condominium debt investments totaling $217.9 million as part of Related Fund Management's credit platform.

Related Fund Management, along with its partners, recently originated a $16.5 million mezzanine loan for the ground up development of a 310-unit, class-A high-rise, multifamily project in the River North area of Chicago; a $29.4 million mezzanine loan as part of the development of a 398-unit, class-A multifamily project in the Koreatown neighborhood of Los Angeles; and a $30 million mezzanine loan as part of the development of an 82-unit luxury high-rise condominium project expected to commence shortly in the Fitler Square neighborhood of Philadelphia.

Brian Sedrish, a managing director of Related Fund Management and portfolio manager for the firm's credit platform said, “We were pleased to work with four very established sponsors and provide creative financial solutions for these distinct opportunities. These investments represent the types of unique situations that Related's credit platform was established to capitalize on. We continue to see steady deal flow and great opportunity nationwide in the high-yielding mezzanine and whole loan space.”