
February 18, 2008 -
Financial Digest
Carlton Strategic Ventures (CSV), the principal transactions group of real estate investment bank the Carlton Group, has closed on $300 million of discounted performing first mortgage, b-note and mezzanine positions.
This confidential asset sale consisted of eight loan relationships and included office and hospitality assets. The assets were acquired from a major financial institution which sought a swift execution rather than a protracted exit under the present market conditions. Carlton, along with its investment partner, brought in Goldman Sachs to provide the venture with non-recourse, matched term financing for this acquisition.