NEW YORK–(BUSINESS WIRING) – White Oak Global Advisors (“White Oak”) announced today that it has recruited Eric Tangeloff as Managing Director to lead White Oak Real Estate Capital (“WOREC”), a newly formed subsidiary of commercial lending opportunities. real estate. … WOREC will initially focus on providing direct loans secured by high quality US real estate properties. The branch will provide transitional asset owners with flexible capital to fulfill complementary business plans ranging from greenfield construction to acquisitions and bridging leases. … WOREC will tactically lend to a wide range of asset classes for commercial real estate and real estate companies. The loan size usually ranges from $ 25 to $ 150 million.
The WOREC launch expands White Oak’s commercial real estate expertise, building on the real estate lending successes of other White Oak subsidiaries including White Oak Commercial Finance and White Oak Healthcare Finance.
“We strongly believe that the commercial real estate space will provide White Oak clients with many additional opportunities. The combination of Eric’s expertise with the full support of the White Oak lending platform sets us apart in the marketplace and enables us to be successful, ”said André Hakkak, CEO and co-founder of White Oak.
“I am thrilled to join such a world-class organization and help expand White Oak’s private lending portfolio for real estate,” said Tangeloff, who previously led a similar effort at Melody Capital Partners as head of Real Estate Investment. “White Oak has a reputation for solid performance and consistent results, and has the ability to help the commercial real estate sector grow and recover at a time when additional investment is required to stabilize the industry.”
Eric Tangeloff has over 20 years of experience at White Oak Real Estate Capital. Most recently, Eric served as Managing Director and Head of Real Estate Investment at Melody Capital Partners, LP, an investment management firm, and was also a member of its investment committee. Prior to joining Melody, Eric worked in the Investment Banking Real Estate and Housing division at JP Morgan as an executive director and was one of the heads of the CBRE Real Estate Equity and Consulting Division in the United States.
About White Oak Real Estate Capital
White Oak Real Estate Capital, LLC (“WOREC”), a subsidiary of White Oak Global Advisors, LLC, is a lender to the commercial real estate industry specializing in the development of tailor-made financial solutions backed by transition assets. WOREC offers loans across the entire capital structure, from high-priority loans with collateral to bridging loans for special situations. The company is headquartered in New York.
About White Oak Global Advisors
White Oak Global Advisors, LLC is a leading global alternative asset manager specializing in the design and delivery of financial solutions to foster the growth, refinancing and recapitalization of small and medium-sized enterprises. Since its inception in 2007, White Oak Global Advisors’ disciplined investment process has focused on delivering risk-adjusted returns on investments and building long-term partnerships with our borrowers. More information can be found on the website www.whiteoaksf.com…