LOS ANGELES, Nov. 23, 2020 /PRNewswire/ — Canyon Partners Real Estate LLC (“Canyon”) today announced the acquisition of a $314 million loan portfolio, comprising six senior mortgage loans secured by multifamily, student-housing, self-storage and senior living properties. The seller was represented by Eastdil Secured in this transaction.
The senior loans are floating-rate with 3- to 5- year terms inclusive of extension options and feature an average loan balance of approximately $50 million. The collateral properties are diversified across geographic markets including California, Colorado, Rhode Island, Texas and Tennessee, and include assets which are in lease-up as well as fully stabilized.
“We are pleased with the high quality nature of this loan portfolio acquisition, and the diversification that it provides our debt portfolio, which is active in both note acquisitions and directly originated debt,” said Robin Potts, Canyon’s Co-Head of Real Estate Investments and