Barings has announced a new credit facility with real estate lending platform Crebrid, with Barings’ investors taking a minority equity position in Crebrid and providing an initial flow purchase facility of $500m (£368m).
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The investment will enable Crebrid to expand its loan offerings, which are supported by its proprietary technology-driven lending platform.
It was made through Barings’ asset based finance (ABF) investment strategy, which has more than $70bn in assets under management.
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Through this strategy, Barings seeks to develop selected long-term origination partnerships that provide durable access to differentiated residential, consumer, and commercial asset-backed investment opportunities for its investors, the business said.
“We are excited to begin this partnership with Crebrid, which builds on our more than three-decade track record of activity within the residential whole loan sector,” said Jim Moore, head of asset based finance at Barings.
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“We’re looking forward to working with the Crebrid team to support their growth strategy and capitalize on the compelling investment opportunity for our investing clients in the attractive and growing residential transition loans sector.”
