Kairos Gets $175Mln Fannie Credit Facility from Berkadia
Commercial RealEstate Direct April 28, 2023 Berkadia has originated a $175 million Fannie Mae credit facility on behalf of...
April 29, 2023
Kairos Investment Management Company (KIMC), a firm that focuses on value-based real estate investments, has secured a $175 million credit facility backed by Fannie Mae.
Berkadia, a leading commercial mortgage lender, originated and will service the credit facility for each transaction.
“In a high inflationary and rising interest rate environment with recession looming, we are well positioned and anticipate seeing many opportunistic multifamily, affordable housing acquisition opportunities,” explains Carl Chang, CEO and Founder of Kairos.
“In fact, we are taking this opportunity to grow this component of our portfolio as we see valuations pull back from all-time highs and the credit facility from Fannie Mae provides Kairos additional leverage and excellent flexibility with a lower cost of capital to do so.
”Our new facility will enable us to act on available opportunities strategically and close on affordable housing deals more quickly and efficiently.”
* The information contained herein is for general, informational purposes only and is not intended to constitute an offer to sell or buy any securities or other assets or promise to undertake or solicit business, and may not be relied upon in connection with any offer or sale of securities or other assets.
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Kairos Investment Management Company is an Equal Opportunity Employer and, as such, does not discriminate in employment on the basis of an applicant or employee’s race, ethnicity, ancestry, national origin, color, sex, pregnancy (or related medical conditions), childbirth, family status, gender, gender identity or gender expression, age, religion, marital status, sexual orientation, disability, medical condition, military or veteran status, reproductive health decision making, or any other protected classification or characteristic under applicable federal, state or local law. Kairos will not discriminate against an applicant or employee who has one or more protected classifications, is perceived or regarded as having one or more protected classifications, or is associated with someone who has one or more protected classifications.
Kairos Investment Management Company will also provide reasonable accommodations to applicants and employees who may need such accommodations in connection with employment with Kairos on the basis of their disability, religion, status as a victim of domestic violence or pregnancy. An applicant who needs an accommodation in order to pursue employment with Kairos should contact Human Resources at HR@KIMC.com to request such accommodations. Kairos will engage in a good faith interactive process with the applicant to explore accommodations that will be effective, reasonable and not create an undue hardship.
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