BEB Lending, an affiliate of BEB Capital, announced today that it has surpassed $100 million in capital deployed to various commercial real estate borrowers since founding the division in early 2020. BEB Lending—which offers loans up to $50 million and specializes in servicing an industrial and warehousing—has targeted additional $150 million in deployed capital for its 2022 year-end milestone.
“The progress of BEB Lending is a testament to the hard work and vision of our team,” said Lee J. Brodsky, Chief Executive Officer of BEB Capital. “We plan to continue to invest in this aspect of business to meet continued market demand.”
“The industrial market has seen an uptick in demand over the past several years and is an area of real estate not well understood by traditional capital sources,” said Keyvan Ghaytanchi, COO and President of BEB Lending. “BEB’s specialized expertise in the industrial positions us where we can mitigate risk and spur growth for developers and owners.”
While BEB Lending primarily focuses on the industrial sector, Ghaytanchi noted that the firm is expanding the business to service additional asset types including multifamily, mixed-use, office, retail, development sites, note on note financing, and other commercial property types. To date, the firm has completed financing transactions in Texas, North Carolina, South Carolina, New York, New Jersey, Connecticut, and Pennsylvania, and is branching out into additional markets throughout the U.S.
BEB Lending reached its $100 million milestone when it completed a package of three deals totaling $15.5 million to close out 2021. BEB lent $3.2 million to Raymond Chera and Vaya Development for a development site in the Bronx, $2.2 million to Hertz Realty Group for an industrial site in Fort Lauderdale, FL, and $10 million to an industrial project in Broomall, PA. The Broomall deal was brokered by 3 Last Mile Owner Occupied Industrial Buildings. All three deals were overseen by Keyvan Ghaytanchi and Sean Silverbrook of BEB Capital.
“BEB Lending operates at a sweet spot in the market with what we see as a distinct competitive advantage,” Silverbrook said. “We are flexible in loan size and finalize deals quickly.”
BEB Lending deployed $60 million in capital in 2021 and has set a goal of deploying an additional $150 million by year-end 2022.