About This Fund
BGO US Value-Add Lending Fund II is a real estate debt vehicle managed by BGO (BentallGreenOak), one of North America's largest and most diversified real estate investment and services firms with more than USD 90 billion in assets under management globally. The fund originates senior and mezzanine loans secured by transitional properties across the United States, targeting loan sizes between USD 20 million and USD 250 million with loan-to-value ratios of up to 85% and loan terms of one to five years. Fund II builds on the success of BGO's predecessor lending vehicle, which raised USD 361 million and established the platform's credibility as a flexible alternative lender in a market where traditional banks have meaningfully retrenched.
The fund provides capital for acquisition, refinancing, redevelopment, and construction projects across commercial real estate property types including multifamily, industrial, hospitality, life sciences, and self-storage. Its structure allows BGO to offer speed, certainty, and flexibility that institutional bank lenders often cannot match. The fund has attracted commitments from leading institutional investors, including the Massachusetts Pension Reserves Investment Management Board (MassPRIM), which committed USD 100 million to Fund II, underscoring the platform's underwriting quality and risk management standards.
BGO's US lending platform is led by Managing Director Abbe Franchot Borok and Managing Director Jessica Lee, experienced debt capital markets professionals with deep expertise in real estate credit. BGO (BentallGreenOak) was formed in 2019 through the combination of GreenOak Real Estate and Bentall Kennedy and is backed by Sun Life Financial as its principal institutional shareholder, providing scale, stability, and global origination capabilities across its lending strategies.