Arixa Capital Advisors LLC has launched a $100 million strategic joint venture, with the ability to upsize in the future, with funds managed by Oaktree Capital Management L.P. to originate senior secured loans backed by residential and commercial real estate.
Arixa Capital is a private real estate lender and investment manager, operating throughout the Western United States. The firm has established a successful track record of generating attractive risk-adjusted returns for accredited and institutional investors by providing bridge, value-add and construction loans for single-family and multifamily real estate projects.
“Arixa is known for its long-term relationships, built over the course of originating more than $3.5 billion in real estate loans,” said Seth Davis, managing director of Arixa Capital. “With the support of Oaktree, a premier global investment manager, we will expand Arixa’s capacity to meet the needs of professional real estate investors and developers who continue to generate attractive investment opportunities and require reliable access to capital for their success.”
The joint venture is designed to provide bridge, renovation and construction loans across residential and small balance commercial real estate projects. The partnership will focus on urban infill markets, targeting opportunities in California, Arizona and other Western U.S. markets.
“As an experienced capital provider in this space, we are thrilled to partner with Arixa Capital and support the expansion of its vertically integrated lending program,” said Jason Keller, managing director and assistant portfolio manager of Oaktree’s Real Estate Group. “We are impressed with both Arixa’s historical track record of loan performance and the strategic planning that is driving the company’s future growth.”
