BEB Loans Exceed $100M in Deployed Capital
BEB loansubsidiary of BEB Capital, announced today that it exceeded $100 million in capital deployed to various commercial real estate borrowers since the division’s inception in early 2020. BEB Lending, which offers loans of up to $50 million and specializes in servicing an industrial and warehousing sector, has targeted An additional $150 million in capital deployed for its 2022 year-end milestone.
“BEB Lending’s progress is a testament to the hard work and vision of our team,” said Lee J. Brodsky, Managing Director of BEB Capital. “We plan to continue to invest in this aspect of the business to meet continued market demand.”
“The industrial market has seen an increase in demand over the past few years and is an area of real estate that is not well understood by traditional sources of capital,” said Keyvan Ghaytanchi, Chief Operating Officer and president of BEB Lending. “BEB’s specialized expertise in the industrial sector allows us to mitigate risk and drive growth for developers and owners.”
Although BEB Lending primarily focuses on the industrial sector, Ghaytanchi noted that the company is expanding its business to serve other types of assets, including multi-family, mixed-use, office, retail, development sites, note-on-note financing and other types of commercial properties. To date, the company has completed financing transactions in Texas, North Carolina, South Carolina, New York, New Jersey, Connecticut and Pennsylvania, and is diversifying into other markets through United States.
BEB Lending reached its $100 million milestone by closing a package of three transactions totaling $15.5 million to close 2021. BEB lent $3.2 million at Raymond Chera and Vaya Development for a development site in the Bronx, $2.2 million at Hertz real estate group for an industrial site in Fort Lauderdale, FL, and $10 million to an industrial project in Broomall, PA. The Broomall case was negotiated by 3 last mile owner occupied industrial buildings. All three transactions were overseen by Clevan Ghaytanchi and Sean Silverbrook of BEB Capital.
“BEB Lending operates at an ideal place in the market with what we see as a distinct competitive advantage,” Silverbrook said. “We are flexible in the size of loans and finalize agreements quickly.”
BEB Lending deployed $60 million in the capital in 2021 and has set itself the objective of deploying a $150 million by the end of 2022.
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