Directed Capital, a distressed asset workout specialist firm that acquires, manages and resolves distressed commercial mortgage loans, has closed its seventh fund at USD77 million, its highest-grossing fund to date.
Additionally, the firm has announced a USD40 million increase in the firm’s revolving credit facility from Goldman Sachs Bank USA from USD60 million to USD100 million.
The fund already has acquired more than USD180 million in assets, and quarterly distributions to investors began in the first quarter of 2016.
Since 2001, Directed Capital has sponsored seven funds, raising more than USD200 million in equity and acquiring more than USD1 billion in underperforming commercial real estate mortgage loans diversified by geography and asset class nationwide. The firm pays returns to investors that consistently outperform the market, while helping commercial property owners under duress restructure their payments and stay in business.
“At Directed Capital, we solve critical problems that exist in the market and turn them into unique opportunities for investment and economic growth,” says Directed Capital’s CEO Chris Moench (pictured). “We provide small- to mid-sized businesses that are struggling to avoid foreclosure with the much-needed flexible solutions that many traditional lenders are not able to offer. At the same time, we provide investors with low-risk, uncorrelated investment returns that have consistently outperformed the market.”