Caldera Real Estate Ventures (“Caldera”) announced today the successful closing of a $150 million senior construction loan for its long-term client, Brevet Capital Management (“Brevet”) a leading alternative credit, specialty finance, and asset-backed finance platform. The lender, Banco Inbursa (“Inbursa”), is a major Mexican financial institution headquartered in Mexico City that is active in construction and refinance lending throughout major cities across the US. The financing will support the development of a 36-story residential tower alongside a neighboring one-story commercial building.
The project will deliver approximately 620 market-rate apartments and nearly 30,800 square feet of ground-floor retail space, contributing meaningful residential and commercial capacity to the surrounding community at Wharton Piers in Philadelphia.
Acting as strategic advisor throughout the transaction, Caldera worked closely with Brevet and financing partners to help structure and advance the deal through closing. The engagement reflects Caldera’s ongoing commitment to providing tailored advisory support that aligns clients’ long-term investment and development objectives with capital solutions.
“We are proud to have supported Brevet in reaching this important milestone,” said Can (Jon) Tavsanoglu, the Founder and Chief Investment Officer of Caldera. “Our approach centers on building long-term partnerships – investing significant time understanding each client’s goals and delivering customized solutions designed to achieve the best risk-adjusted outcomes. This transaction exemplifies the value of thoughtful collaboration and hands-on advisory throughout complex investment strategies and financings.”
The closing marks another successful collaboration between Caldera and Brevet, reinforcing their shared focus on disciplined execution, strategic growth, and delivering high-quality developments backed by institutional capital solutions.
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