3650 REIT Announces $100M Capital Commitment from POBA
3650 REIT (“3650”), a nationwide commercial real estate lender originating and managing portfolio loans for leading institutional investors, today announced that Public Officials Benefit Association (“POBA”), the Seoul, South Korea-based public pension fund founded in 1975, has made a $100 million capital commitment to a vehicle employing 3650’s U.S.-based Bridge and Event-Driven (“BED”) lending strategy.
- 3650 REIT (“3650”), a nationwide commercial real estate lender originating and managing portfolio loans for leading institutional investors, today announced that Public Officials Benefit Association (“POBA”), the Seoul, South Korea-based public pension fund founded in 1975, has made a $100 million capital commitment to a vehicle employing 3650’s U.S.-based Bridge and Event-Driven (“BED”) lending strategy.
- “We are very excited to establish a mutually beneficial connection with POBA and look forward to growing a long-term relationship,” said 3650 REIT Co-Founder and Managing Partner Jonathan Roth.
- “This strategic capital commitment is yet another testament to the strength of 3650’s lending approach, which continues to garner attractive, risk-adjusted returns for our institutional investors around the globe.
- 3650 currently has $5.2 billion in loans originated across its lending platform and services more than $16 billion from its rated servicing platform.