Dechert Advises Toorak Capital Partners on US$250 Million Private Placement

Dechert represented Toorak Capital Partners in connection with a private placement of US$250 million of real estate mortgage backed securities secured by one-to-four family residential properties, multifamily properties and mixed use properties. Toorak Capital Partners is a leading provider of third party capital to the small balance business purpose real estate lending industry in the United States. The company offers a range of capital solutions through a series of loan acquisition programs that are designed to meet the needs of its lending partners.

“This is a very exciting transaction for the real estate bridge lending community,” said Bruce Bloomingdale, global finance partner at Dechert. “Activity from an experienced sponsor like Toorak will go a long way toward institutionalizing this growing asset class.”

Dechert global finance partner Ralph Mazzeo added. “We expect to see more bridge lenders access the capital markets through securitization and CRE CLOs, as well as expansion through loans including ground up and small balance commercial real estate.”

The Dechert team advising Toorak Capital was led by Bloomingdale and Mazzeo, and included tax partner William Cejudo as well as global finance counsel Joshua Strathman and associates Linda Ann Bartosch and Anna Kieburtz.

About Dechert

Dechert is a leading global law firm with 27 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.