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Byline: James Comtois
New York-International real estate investor and fund manager Apollo Real Estate Advisors has raised additional capital for its debt investment fund, Apollo Real Estate Finance Corp.
Apollo increased overall capital for AREFIN's investment program to $930 million from $621 million through the formation of AREFIN Co-Investment Corp., with the additional funds providing the ability to make larger investments, the firm said.
Formed in 2006, AREFIN originates loans for development, redevelopment and repositioning and invests in whole loans, B-notes and mezzanine loans.
"The continuing credit crisis has created increased opportunity for us as both a buyer and originator of debt," said Apollo partner Bradford Wildauer, who oversees the firm's U.S. debt investments. "We've experienced an increase in the number of opportunities presented to us with more attractive ...
Source: HighBeam Research, Apollo Raises Capital for Its Debt Investment Fund.(Managing...