NEW YORK--(BUSINESS WIRE)--Talmage, LLC announced today that is has completed its first closing on Talmage Total Return Partners, LLC, obtaining a $100 million capital commitment from an institutional investor. The new fund, which is targeting $300 million in investor commitments, opportunistically invests across the capital structure in an array of commercial real estate debt, including CMBS, whole loans, B-Notes, and mezzanine loans.
“We are excited about our latest investment vehicle, its tactical size and the opportunities available in the commercial real estate debt space which has yet to fully recover from the financial crisis. We have commenced investing on behalf of the fund and have already closed two investments totaling $24 million.” said Edward L. Shugrue III, CEO of Talmage. He added, “Our ability to invest across the capital structure in the new issue and legacy markets allows us to uncover well-secured, asset-backed investments with current income that fulfill our strategy.”
Talmage is an active investor in, and advisor/special servicer on, large and complex commercial real estate transactions. Since 2003, Talmage has made in excess of $10 billion of commercial real estate fixed income investments and acted as the special servicer and/or advisor on over $40 billion of loan restructurings and modifications. Talmage is independently owned and offers conflict‐free advice to its institutional clients. Talmage is headquartered in New York City.