Business Services Industry
Guggenheim Real Estates
Real Estate Alert, June 9, 2004
Guggenheim Real Estate has set aside $150 million to write mezzanine loans over the next year via its giant open-end fund, Guggenheim Real Estate Plus. The firm has hired Tremont Realty Advisors to source and underwrite the loans, which would range from $3 million to $15 million. Guggenheim is targeting a minimum yield of 12%.
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