According to Investcorp, Christopher Hoeffel will join its U.S. based real estate team as managing director with responsibility for its debt investment business. He will report directly to John Fraser and Jonathan Dracos, co-heads of Investcorp's real estate group. He brings 25 years of experience in commercial real estate. He was a founding member of the commercial mortgage group at Bear Stearns.
He holds a bachelor's degree in Business Administration from Georgetown University and master of Business Administration from the University of Pennsylvania's Wharton School.
Brooklyn, NY Ridge Street Capital has funded a $2,117,500 DSCR purchase loan on a four-unit brownstone at 535 Washington Ave. in Clinton Hill. The loan closed October 15.