LOS
ANGELES, June 25, 2024 /PRNewswire/ -- Arixa
Capital ("Arixa") is pleased to announce the expansion of its joint
venture with funds managed by Oaktree Capital Management, L.P.
("Oaktree") to originate senior secured loans backed by residential
real estate.
Launched in August 2023 with an
initial $100 million commitment, this
strategic partnership addresses the growing demand for real estate
financing amid a market pullback by banks and private lenders. To
meet this demand, Arixa and Oaktree are committing an additional
$100 million, with the potential to
leverage these funds through a credit facility structured to help
enhance returns and increase deployment capacity.
"Our focus on reliable capital access, rapid execution, and
exceptional customer service has driven substantial deal flow, with
our pipeline at its highest level to date," said Seth Davis, Managing Director of Arixa Capital.
"With the support of Oaktree, Arixa can expand its capacity to
serve highly experienced and financially sound clients who are
seeking reliable alternatives to the regional and community banking
sector."
"Arixa Capital has proven to be a trusted partner for Oaktree
over the past year, strategically deploying capital, maintaining
strong credit quality, and delivering attractive returns," said
Jason Keller, Managing Director and
Head of Residential Investments for Oaktree's Real Estate group.
"We are excited to expand our commitment to this joint venture and
support the growth of Arixa's lending program."
Arixa Capital was founded in 2006 and provides senior secured,
short-term loans for the acquisition, renovation, and/or
construction of investment properties. Arixa has originated over
$4 billion in loans since inception
and is well-positioned to capitalize on the multi-billion-dollar
funding gap in residential real estate financing, exacerbated by
ongoing credit market disruptions.
"We are excited to deepen our partnership with Oaktree and
support our growing client base," said Gregory Hebner, Managing Director of Arixa
Capital. "Our mission is to back exceptional real estate investors,
developers, and builders who create substantial value with their
investment projects and enable Arixa to consistently deliver
attractive returns to our investors, even in this volatile interest
rate environment."
About Arixa Capital
Founded in 2006, Arixa Capital is
a leading private real estate lender and alternative investment
manager. Arixa has originated more than $4
billion of loans since inception and services over
$1.2 billion of loans as of
March 31, 2024. As an independent,
employee-owned firm, we are personally invested in the success of
our borrowers and investors. Our reputation for reliability,
transparency, and exceptional service inspires long-term
relationships and is the foundation of our growth and success.
Arixa has been named one of the fastest growing private companies
according to the Inc. 5000 and the Los Angeles Business
Journal.1 The firm has offices in Los Angeles, CA and Phoenix, AZ. For additional information,
please visit Arixa's website at https://www.arixacapital.com/.
About Oaktree
Oaktree is a leader among global
investment managers specializing in alternative investments, with
$192 billion in assets under
management as of March 31, 2024. The
firm emphasizes an opportunistic, value-oriented and
risk-controlled approach to investments in credit, private equity,
real assets and listed equities. The firm has over 1,200 employees
and offices in 23 cities worldwide. For additional information,
please visit Oaktree's website at
http://www.oaktreecapital.com/.
Contact Information:
Steve
Pavlov
Vice President of Marketing
marketing@arixacapital.com.
1Arixa provided Inc. de minimis compensation to be
considered for the Inc. 5000 list of the fastest growing private
companies in the U.S. For a full description of ranking
methodology, please visit:
https://www.inc.com/inc-5000-methodology-how-we-selected-these-companies.html.
Arixa provided no compensation to be considered for the Los Angeles
Business Journal Top 100 Fastest Growing Private Companies in
Los Angeles. For a full
description of the ranking methodology, please visit:
https://images.labusinessjournal.com/wp-content/uploads/2023/12/20231211_labj_020-24_FGPC_LIST.pdf
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SOURCE Arixa Capital Advisors, LLC