Liberty SBF Launches $100M Real Estate Credit Fund
Liberty SBF has launched Liberty Credit Opportunities Fund I, aiming for $100 million in commitments. The fund will focus on small balance commercial real estate credit opportunities, including owner-user and SBA loans, multifamily bridge loans, preferred equity investments, and distressed note acquisitions.
Los Angeles-based Liberty SBF, which has originated over $2 billion since 2011, plans to invest $1 million to $15 million across various commercial real estate sectors through its Liberty Credit Opportunities Fund I. The fund targets net returns in the mid to high teens, aims to return capital within four years, and will distribute income quarterly.
“The current market dislocation presents a unique opportunity in small balance commercial real estate credit,” said Alex Prombaum, president and co-founder of Liberty. “With transaction volumes down as much as 80% in 2023 and traditional lenders pulling back, we’re seeing attractive opportunities across our target sectors, particularly in stabilized assets with strong demand fundamentals.”
Liberty also announced the addition of Zev Nagel as managing director, investment funds. Nagel was previously at Decron Properties Corp., where he served as CAO.