Maverick Real Estate Partners LLC has closed its most recent fund with $25.9 million in commitment. Fund III will make investments from $500,000 to $5 million in loans, mechanics liens, and judgments secured by property located in New York, New Jersey, Connecticut, and Pennsylvania.
NEW YORK–(BUSINESS WIRE)–Maverick Real Estate Partners LLC (“Maverick”), a distressed debt private equity firm, announced the closing for Maverick Lien Fund III LP (“Lien Fund III”) with $25.9 million in commitments.
This discretionary fund will make investments ranging from $500,000 – $5,000,000 in loans, mechanics liens, and judgments secured by property located in NY, NJ, CT, and PA. “By making smaller investments in deals generated from our rigorous research process, Maverick finds non-competitive investment opportunities that are under the institutional radar. This allows Maverick to buy right, providing flexibility in business plan execution,” said Ted Martell, Principal and Director of Asset Management for Maverick.
Lien Fund III raised a total of $25.9 million from a diverse group of investors, including family offices, foundations, wealth managers, and high net worth individuals. “We are very pleased to have a highly diversified group of both new and long-standing investors, and view their enthusiasm as a strong endorsement for our contrarian investment approach,” said David Aviram, Principal and Director of Acquisitions for Maverick.
About Maverick Real Estate Partners LLC
Maverick Real Estate Partners LLC is a distressed debt private equity firm that was founded in 2010. Maverick has invested approximately $40 million in 34 distinct loan, lien, and judgment transactions. For more information, go towww.maverickrep.com.