Pembrook's management team has extensive experience in balance sheet lending, real estate investment, finance, asset management and development through multiple market cycles. We have established long-standing relationships with commercial real estate owners, developers, intermediaries, service providers, commercial and investment banks, as well as with federal agencies and state housing authority officials.
We incorporate a proprietary balance sheet capital structure to provide owners and developers of commercial real estate with reliable and prompt financing to capitalize or recapitalize the acquisition, development, or redevelopment of their commercial real estate. Flexibility in structuring, certainty of execution and speed are typical reasons why we win our business.
Since 2007, our originators have generated over $36 billion of investment opportunities, averaging more than $2.5 billion annually. By year-end 2019, this resulted in 120 investments with an aggregate investment volume of approximately $1.5 billion, and a net credit loss less than 0.003.
We strive for attractive, risk-adjusted returns without assuming with excess leverage.
Pembrook sets a target of 10% returns.
Pembrook’s primary investing strategy is intended to align with the federal Community Reinvestment Act and applicable UN Sustainable Development Goals.
We primarily invest in markets with high barriers to entry, such as high-density urban locations, and markets with projected job growth and favorable supply and demand characteristics.
Location:
San Diego, CA
Deal Type:
Mezzanine
Investment Size:
$11.7M
Bonita Glen is a 170-unit, 5.3-acre middle market and affordable housing multifamily community located at 245 Bonita Glen Drive in Chula Vista, CA.
Pembrook has invested nearly $2 Billion into affordable and workforce housing nationally.
