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Los Angeles, CA — Pacific Aegis Capital Management Group (PACM), an independently owned real estate and asset-backed private credit investment manager, has successfully closed a US $22 million last-mile financing facility.
This facility is backed by a first mortgage on two upscale residential development projects in Los Angeles, highlighting PACM’s ongoing commitment to deploying capital globally beyond the Asia Pacific region.
The transaction involves providing refinancing to a California-incorporated company with a strong track record of over a dozen real estate development projects across the United States. The primary assets securing the financing comprise the development of two luxury condominium buildings situated in Los Angeles’ prestigious residential neighbourhood, boasting a combined net leasable area (NLA) of approximately 48,000 square feet.
Francis Ng, Managing Director and Chief Investment Officer of PACM, remarked, “We are thrilled to partake in this exceptional project in California. This transaction aligns with our ongoing strategy to expand internationally, strategically invest capital, and devise innovative private-credit solutions to enhance portfolio performance.”
A&O Shearman served as PACM’s legal counsel for the project.
About Pacific Aegis Capital Management Group
Pacific Aegis Capital Management Group (“PACM”) is a real estate private credit investment management firm based in Hong Kong specializing in distressed investments / special situations in developed markets. PACM’s affiliate Pacific Aegis Capital Management (IM) Limited is a HKSFC regulated entity with a Type 9 Asset Management license.
