Pearlmark

Pearlmark, for a second year in a row, is pleased to announce it was awarded runner-up Mezzanine/Preferred Equity Lender of the Year for the 2024 PERE Credit Awards. Pearlmark is actively investing in mezzanine loans, B-notes, and stretch whole loans on behalf of Pearlmark Mezzanine Realty Partners VI (“Mezz VI”). Since 2001, Pearlmark’s mezzanine funds have originated more than $2.2 billion across 166 loans. For fast, flexible, and creative financing structures, let us put our experience to work for you. https://lnkd.in/gTWKyhBa

Pearlmark closed on a mezzanine debt investment for the acquisition of Midtown at WKU, a 189-unit, 534-bed, 2015-vintage, student housing asset located in Bowling Green, Kentucky. The property is situated near Western Kentucky University’s campus, providing its residents with convenient access to the university and WKU’s downtown district. For the full press release, please visit our website: https://lnkd.in/gMmzziv

Kelly Nealis, Senior Vice President, is looking forward to speaking at Los Angeles Multifamily CRE Summit. Check it out and join her there for insights and networking - use code JOINME for a discount https://lnkd.in/gqq9PmzV

Pearlmark, in partnership with Invel Capital, LLC, closed on the acquisition of Waldwick Station, a 2017-vintage, 110-unit, transit-oriented multifamily property situated adjacent to the Waldwick New Jersey Transit Station. Waldwick Station represents the seventh acquisition in Pearlmark Equity Partners II, L.P. (“PEP II”), Pearlmark’s value-add equity fund focused on middle market multifamily and industrial investments across the U.S. For the full press release, please visit our website: https://lnkd.in/gMmzziv

Connect with Christopher Mendez, Steve Gordon, Mark Witt, Kelly Nealis, Erin Sullivan, Rich Dougherty, and Brian Johnson at the NMHC Annual Meeting in Las Vegas on January 27-30 to discuss Pearlmark’s debt and equity investment programs.

Pearlmark closed on a $34.6 million mezzanine debt investment for the development of The Edison, a 378-unit, mass-timber multifamily development in downtown Milwaukee, WI, directly adjacent to the Milwaukee River and proximate to the Deer District, a 30-acre mixed-use entertainment development anchored by the Fiserv Forum, the home of the Milwaukee Bucks. For the full press release, please visit: https://lnkd.in/gMmzziv

Pearlmark closed on the mezzanine financing for Monon Square, a 367-unit development in Carmel, IN, approximately 15 miles north of downtown Indianapolis. For the full press release, please visit: https://lnkd.in/gMmzziv

Pearlmark, in partnership with OTH Capital, closed on the acquisition of 1800 Broadway, a 2013-vintage, 228-unit, midrise apartment community located in the Lower Broadway corridor of San Antonio, TX and is adjacent to the historic Pearl District. This acquisition is the second joint venture between OTH Capital and Pearlmark in San Antonio, but the first acquisition with OTH Capital and Pearlmark Equity Partners II, L.P. (“PEP II”), Pearlmark’s value-add equity fund focused on middle market multifamily and industrial investments across the U.S. For the full press release, please visit our website: https://lnkd.in/gMmzziv

Pearlmark is pleased to announce its sixth high-yield credit fund, Pearlmark Mezz VI, recently held a second closing, bringing total capital commitments to over $300 million. Pearlmark Mezz VI is actively targeting subordinated debt investments, fulfilling borrower demand for gap financing solutions on recapitalizations, acquisitions, and development projects with strong sponsorship within multifamily and adjacent sectors as well as industrial nationwide. For the full press release, please visit: www.pearlmark.com/news

Pearlmark closed on a mezzanine debt investment to recapitalize The Residences at Sawmill Station, a 250-unit, multifamily apartment community in Morton Grove, IL. For the full press release, please visit: www.pearlmark.com/news