Direct commercial US real estate lender Layla Capital has raised an initial $50m (鈧�43.6m) for its latest fund.
The firm said the first close of Layla Fund II including several institutional investors, ultra-high-net-worth individuals and family offices.
Layla, which targets small to middle-market commercial real estate lending opportunities, said the fund would target domestic senior-secured real estate bridge-loan opportunities of up to $15m.
The fund will focus on core real estate assets, including single-family investment properties, multi-family, mixed-use, retail, industrial, warehouse, prime development sites and other commercial property types.
Justin Cooper, founder and managing partner of Layla Capital, said: 鈥淲e are grateful for the continued support of our existing investors and are excited to welcome so many new partners to the Layla family with the initial closing of our Fund II.
鈥淚n less than 10 years, we have built Layla into a highly trusted direct private commercial real estate lenders, known for our relentless commitment to transparency, reliability, consistency and certainty of execution. As we move toward a final closing of Fund II, we look forward to doubling down on this commitment.鈥�
Max Deibel, partner with Layla Capital, said: 鈥淭he US commercial real estate landscape is more complex than ever, and workable, fast capital solutions are hard to find鈥攚hich is where we come in. We address this void through significant market and transaction expertise, a partner-centric approach, and the latest technology for streamlining the deal process.
鈥淚mportantly, through our deep and diverse broker network, our pipeline of quality deals continues to increase at an impressive rate, enabling us to have key insights into the marketplace for identifying and accessing the right opportunities that drive strong returns.鈥�
Layla Fund I, which closed in January 2024, has already deployed over $54m across 12 deals.
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