NEW YORK CITY –  New York Life Real Estate Investors has closed its commingled, high yield real estate debt vehicle, Madison Square Structured Debt Fund.

The closed-end fund, secured nearly $500 million in committed capital, and will originate bridge loans collateralized by institutional-quality office, multifamily, industrial, retail and other niche sector assets in primary and secondary markets throughout the US.

The vehicle will originate roughly $1 billion of senior bridge loans in total.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Ingrid Tunberg

Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.