The fund will provide tailored financing for up to $30 million loans on residential, commercial, and industrial assets
Specialist private credit fund manager Global Credit Investments (GCI) has rebranded and expanded its SME Mortgage Fund into the GCI Real Estate Credit Fund, an open-ended investment fund.
GCI said the rebrand aims to better address the growing demand for tailored financing solutions, offering enhanced flexibility, term, size, and speed in response to current market and borrower needs.
In recent years, GCI has deployed approximately $400 million into real estate credit facilities across various asset types for both borrowers and investors. This track record has facilitated the transition to an open-ended fund model, enabling an increase in direct loan originations with a streamlined funding process.
Gavin Solsky (pictured above), GCI co-founder and managing director, highlighted the strategic reasons behind the fund’s evolution.
“Our prior transactions have laid a strong foundation with consistent performance and reliable returns.” Solsky said. “Current macroeconomic trends and the evolving dynamics between borrowers and lenders make this an ideal time to transition to an open-ended fund structure. The GCI Real Estate Credit Fund is designed to provide a customised funding solution which meets borrowers’ needs more effectively.
“Higher interest rates and tighter lending conditions have put pressure on some borrowers, creating a demand for alternative, innovative financing solutions. Traditional lenders are becoming more cautious, especially with new borrowers. Our Real Estate Credit Fund is designed to address this gap, with a particular focus on $5 million to $30 million loans that offer flexible and transformative financing solutions tailored to meet borrowers’ needs.”
Solsky also commented on the advantages of the open-ended fund structure for borrowers, stating that borrowers today are seeking more than just capital.
“They’re also looking for agility and flexibility that can adapt to their evolving needs,” he said. “Our open-ended fund structure will look to support real estate borrowers in a similar vein to GCI’s Asset Backed Fund vehicle which has deployed in excess of $750 million since 2020.
“Our decision to enhance our Real Estate Credit offering reflects our commitment to meeting borrower demands head-on. By consolidating our real estate lending activities into an open-ended fund structure, we can better capitalise on high-potential opportunities, offering borrowers unmatched flexibility in terms, speed of execution, and the ability to adjust financing terms mid-course.
“This approach not only enhances our ability to originate and execute strong risk-return opportunities for our family office and high net worth investors but also reinforces our position as a responsive and reliable capital partner in the real estate credit market.”
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