ORIX USA’s Real Estate Capital Group announced the closing of two build-to-rent (BTR) construction loans totaling $87.5 million. These loans will be used for the development of two luxury BTR communities with the aim to meet the growing demand for rental homes in Omaha, Nebraska.
“We are thrilled to close our sixth and seventh build-to-rent non-recourse construction loans with this Sponsor. It’s exciting to support their expansion into a new market, where we quickly identified the strengths of this emerging area despite limited competing properties. Active in the build-to-rent space since 2014, we remain strong advocates for this asset class,” said Adam Diamond, Managing Director and Originator for ORIX USA’s Real Estate Capital Group.
ORIX USA’s Real Estate Capital group is a proprietary commercial real estate lending business, delivering customized financing for a full range of property types in primary and secondary metropolitan markets in the U.S. and Canada. Loans made or arranged in California are pursuant to a California Financing Law license.
Since inception, the Real Estate Capital group has successfully invested over $4 Billion of balance sheet capital. For over 20 years the Real Estate Capital group has been reliably financing commercial real estate through a range of market cycles.
The Real Estate Capital group is comprised of seasoned specialists transacting on a full range of property types. The group specializes in construction, bridge, mezzanine, and preferred equity opportunities and has fully dedicated origination, underwriting, closing, and servicing teams, ensuring that clients’ needs are met with timely execution.