3650 Capital has raised $215 million and plans to deploy the capital across a variety of its lending strategies. The commitments come from repeat investors, including Mubadala Investment Company and California State Teachers’ Retirement System (CalSTRS).
The CRE lender and loan manager said that capital from both Mubadala and CalSTRS will together support its three strategies: stable cash flow (providing long-term fixed-rate financing, real estate credit solutions (supporting value-add short-term financing), and its transitional and Single Asset Single Borrower loans.
Separately, part of CalSTRS funding will be used for 3650 Capital's special situations investment strategy, which provides equity and capital solutions for value-add plans, loans and broken capital structures.
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