Directed Capital, an opportunistic real estate finance firm that acquires and repositions commercial mortgage loans and is based in St. Petersburg, FL, has closed its tenth flagship fund, raising $92 million in equity commitments that will be deployed to purchase commercial real estate debt.
The firm will seek to acquire more than $500 million in commercial mortgage loans, then work to resolve the assets.
Directed Capital recently closed on a $40 million credit facility from Pacific Western Bank and previously received a combined $60 million in two other separate credit facilities from Goldman Sachs Bank USA and Valley Bank.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
