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.
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