3650 REIT Announces Second SASB Risk Retention Investment in a Brookfield-Sponsored Transaction
03/23/21, 12:02 PM
Location
miami3650 REIT (“3650”), a nationwide private markets lender originating and managing portfolio commercial real estate (“CRE”) loans for leading institutional investors, today announced that it circled $42.5 million of junior interests in the first-mortgage loan secured by Brookfield Property Partners’ (“Brookfield”) One and Three Allen Center (the “Properties”), two Class A office towers located in Downtown Houston, Texas. This transaction follows 3650’s December investment in $23.8 million of controlling junior interests in the first mortgage backed by Brookfield Property REIT (“Brookfield”)’s The Mall in Columbia, a luxury shopping mall in Columbia, Maryland.
Company Info
Location
miami, florida, united states
Additional Info
3650 (pronounced “Thirty-Six Fifty”) REIT is a nationwide commercial real estate lender originating and servicing portfolio loans for relationship borrowers. 3650 REIT’s highly differentiated lending process, national scale, vertically integrated platform and Rated Special Servicer status enable it to deliver tailored financing solutions, high-touch service and reliable, customer-focused outcomes. Co-Founders and Managing Partners Toby Cobb, Justin Kennedy and Jonathan Roth have played leading roles in the evolution of the CRE debt markets. Headquartered in Miami, Florida with offices in New York, Los Angeles, Chicago, Dallas, and Nashville. For more information, visit: www.3650REIT.com.