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Parquet Capital Completes Investment in $140 Million Portfolio of Real Estate Loans

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Parquet Capital Completes Investment in $140 Million Portfolio of Real Estate Loans

PR Newswire

BOSTON, July 30, 2018 /PRNewswire/ -- Parquet Capital, a leading alternative asset manager, alongside two multibillion asset managers, has completed a $140 million investment in a portfolio of over 100 real estate loans made to homebuilders and developers in the Northeast. The loans are secured by a first lien and a personal guarantee by the builders and developers. As part of the investment, Parquet Capital partnered with a family-owned business that has operated in the region for roughly 50 years and has experience building, developing, and managing real estate assets. 

About Parquet Capital

Parquet Capital is a leading alternative investment manager. Based in Boston, the company invests in a wide variety of securities and situations, including leveraged loans, high-yield bonds, distressed and stressed debt, mezzanine debt, and equities. Parquet Capital seeks to achieve superior, risk-adjusted returns significantly in excess of indices with substantially lower risk. Additional information can be found at www.parquetcapital.com or contact mediarelations@parquetcapital.com.

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SOURCE Parquet Capital

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