Flatiron Realty Partners with UBS O’Connor to Offer RTLs

Flatiron Realty Capital, LLC formed a co-investment strategy focused on residential transition loans (RTLs) with O’Connor Capital Solutions (OCS), the private credit strategy within UBS O’Connor. RTLs are short-term, first lien business purpose loans on residential real estate used for renovation and / or construction.

The vehicle is expected to be capitalized through an expandable investment of up to $100 million from OCS alongside co-invested equity from Flatiron and its owners, as well as mortgage funding facilities. The investment is expected to expand Flatiron’s managed loan portfolio to at least $600 million.

Janney served as sole financial advisor to Flatiron in connection with the transaction.

“We continue to see attractive opportunities within our target markets,” said Robert Talas, founding partner of Flatiron. “This speaks to the strengths of the platform we have built at Flatiron and enables us to leverage our expertise by providing solutions to an expanded client base.”

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