JCR Capital Raises $22M for Distressed CRE Fund
Posted March 10, 2010 2:35PM PST

JCR Capital, a Denver-based commercial real estate finance company, said it recorded its first closing totaling $22 million for its JCR Capital Distressed & Opportunistic Real Estate Fund I.

The JCR Capital Fund will provide financing for distressed and opportunistic commercial real estate transactions. The fund will provide debt, participating debt, preferred equity and equity, JCR said in a statement. The fund will focus on smaller transactions from $1 million to $10 million.

JCR Capital's initial distressed and opportunistic fund has three anchor investors, PartnerRe Capital Markets Corp. of Greenwich, Conn.; JAM Equity Partners of New York and Los Angeles; and Branzan Investment Advisors of Denver. The initial closing included a $5 million commitment to JCR Capital and $17 million of investment capital to the fund.

The fund will remain open for 90 days to accommodate investors and to allow JCR to reach its target of up to $30 million, the fund manager said.

Source: Press Release


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