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The fund is the largest the firms have raised since kicking off the partnership.
Dhaval Parikh previously ran the Los Angeles-based manager’s real estate debt platform capital raising efforts.
Chicago-based manager was part of the capital stack for the construction financing on The Edison, a 378-unit, mass timber luxury apartment building in Milwaukee.
The financing for Fisher Brothers includes $108m of C-PACE capital.
The benchmark 10-year Treasury needs to be reliably in a range of 4-4.5% for transaction activity to resume.
But the implementation of Basel III regulations and sponsors that are increasingly comfortable with non-bank lenders will help keep the playing field level.
The most significant commercial property financing transactions across US debt markets, collected in our data snapshot, updated every Tuesday.
The New York-based REIT receives capital commitment from an undisclosed Canadian institutional investor.
Empira's investment strategies include European residential, US residential, transition-to-green and real estate credit.
The New York-based manager will focus on large-balance loans through the fund, including bridge and construction deals in the mid-market.