News
SFO Capital Partners Bolsters Private Credit Portfolio with the Financing of a 22-Story Tower in Queens, New York
London, October 14, 2024 – SFO Capital Partners has successfully closed a USD 27 million mezzanine loan to finance Project Vista, a newly constructed 22-story residential tower featuring commercial amenities in the heart of Queens, New York.
This unique transaction, structured by its strategic lending partner, Pearlmark, strengthens SFO’s presence in the U.S. market and reinforces its commitment to high-quality real estate investments. The financing will support the project’s operational stabilization and long-term value creation, reflecting SFO’s continued growth in the private credit space.
To date, SFO Capital Partners has deployed over USD 1.4 billion in U.S. housing assets through both equity and credit strategies, representing more than 7,400 units across the nation’s fastest-growing metropolitan areas.
The property offers spacious, high-quality units ranging from studios to three-bedroom apartments, complemented by top-tier amenities that set a new standard for luxury living in Queens. With the property nearing stabilization, Project Vista offers a stable and de-risked investment profile that aligns with SFO Capital Partners’ strategy of targeting resilient, high-performing assets in key U.S. markets.
Commenting on this transaction, Mohamad Abouchalbak, CEO of SFO Capital Partners, said: “Project Vista represents a strategic milestone for our private credit portfolio, which we initiated in early 2023 to take advantage of shifting market conditions. We are pleased to partner once again with Pearlmark, our trusted strategic partner with extensive expertise in the U.S. real estate market, to further expand our footprint in the private credit space. This investment offers strong risk-adjusted returns by capitalizing on today’s high interest-rate environment and securing quality collateral. As market volatility persists, private credit has become an attractive way to deliver consistent value and downside protection to our investors”.
About SFO Capital Partners: SFO Capital Partners is a London-based global real estate investor and investment manager, committed to achieving superior risk-adjusted returns and focused on establishing and maintaining long-term relationships with its global clients and partners. SFO Capital Partners applies its global mindset, in-depth sector experience and local knowledge to unlock international real estate investment projects in Europe and the USA across a select range of investment strategies including income-generating, value-add and development schemes. As of March 2025, SFO Capital Partners has acquired a diversified portfolio comprising more than $2.5 billion in assets located primarily in the USA and Europe, including 7,600 apartments and more than 11.9 million square feet of commercial real estate under management.
