Bridge Investment Raises $2.2B for Fund Targeting Residential Loans
Bridge Investment Group has raised $2.15 billion through a fund that's targeting residential loans in the CRE space.
The Bridge Debt Strategies Fund V LP will focus on a few strategies: originating direct first mortgages, acquiring K Series and B Pieces from Freddie Mac, issuing CLOs and investing in other CRE debt.
While the focus will be tied to loans tied to the residential sector for Fund V, according to Robert Morse, executive chairman at Bridge, the company does have expertise in the logistics space. Another important element is taking a look at markets where "barriers to entry are high, and competition is more limited," said Bridge.
“We are proud to announce a successful fundraise for the fifth vintage of the Bridge Debt Strategies private real estate debt offering,” James Chung, chief investment officer for the Bridge, said in a statement.
“We believe our heavy focus on recession-resistant multifamily collateral and floating-rate debt positions the Fund well in the current market. To date, we have assembled a durable portfolio and have substantial dry powder which can create the opportunity to deliver strong returns to our investors.”
According to Bridge, it manages 62,100 multifamily/workforce affordable housing units.
The move comes a month after Apollo completed its acquisition of Bridge, which will not result in a brand or team changes.
Overall, the CRE lending space has faced financial strain as interest rates have remained elevated. This has caused banks to step in and modify loans, which surged by 66 percent in the 12 months through June 2025.
Source: GlobeSt/ALM