About This Fund
BentallGreenOak (BGO) has introduced its second U.S. value-add debt vehicle, BGO U.S. Value-Add Lending Fund II, following the success of its predecessor, which raised $361 million. The fund aims to capitalize on the growing demand for transitional real estate lending solutions in the U.S. market. It focuses on originating loans for acquisition, refinancing, redevelopment, and construction projects across various property types, including multifamily, industrial, hotels, life sciences, and self-storage. The fund targets loan sizes between $20 million and $250 million, offering senior and mezzanine financing with terms ranging from one to five years. With a loan-to-value ratio of up to 85%, BGO positions itself as a flexible lender in a market where traditional banks have become more conservative. The fund's strategy is designed to provide attractive risk-adjusted returns by addressing the financing needs of transitional properties in primary and secondary U.S. markets. BGO's U.S. debt platform is led by Managing Director Abbe Franchot Borok, with support from Managing Director Jessica Lee. The firm's approach integrates environmental, social, and governance (ESG) considerations into its underwriting process, aiming to promote sustainable and resilient real estate investments. Institutional investors, such as the Massachusetts Pension Reserves Investment Management Board (MassPRIM), have shown confidence in the fund, with MassPRIM committing $100 million to Fund II.