Veleta Capital and funds managed by Oaktree Capital Management have launched a strategic joint venture called Veleta Capital Partners (VCP), creating an institutional lending platform for multifamily and commercial real estate assets. Oaktree has also acquired a minority stake in Veleta Capital.
Veleta Capital Partners, a real estate lending platform headquartered in Los Angeles, is targeting 12- to 36-month senior secured transition loans for multifamily and commercial real estate assets of up to $20 million. It provides short-term, senior secured loans, predominantly in the Western United States.
The firm will initially be focused on Tier I and Tier II submarkets, including Southern California, Arizona, Colorado, Nevada, Oregon, Texas, Utah, and Washington and it will evaluate other opportunistic transactions nationwide.
Recommended For You
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
Already have an account? Sign In Now
*May exclude premium content© 2025 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.
