Alternative real estate lender 3650 Capital announced Thursday a $215 million investment from Mubadala Investment Company and the California State Teachers’ Retirement System (CalSTRS)—a capital boost that underscores growing confidence in alternative lending amid a shifting financial landscape.
The fresh capital, secured with guidance from Sidley Austin LLP, will be strategically allocated across 3650 Capital’s lending programs to fuel growth in long-term fixed-rate financing, short-term value-add investments, and distressed asset solutions, according to the company’s statement.
Strategic Deployment: Betting on Alternative Lending
3650 Capital, headquartered in Miami, Florida, operates at the forefront of the alternative commercial real estate financing space. The firm will deploy the funds across two core strategies:
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Stable Cash Flow Strategy – Providing long-term, fixed-rate loans for stable commercial properties.
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Real Estate Credit Solutions Strategy – Targeting short-term, value-add financing, traditional loans, and single-asset borrower solutions.
Additionally, CalSTRS’ investment will help bolster 3650’s Special Situations Investment Strategy, which focuses on distressed real estate deals, loan acquisitions, and complex capital restructures.
“As we enter 2025, alternative capital providers are seeing an abundance of opportunities to finance real estate projects as traditional banks scale back lending,” said Toby Cobb, co-founder and managing partner of 3650 Capital. “Our proven expertise, cycle-tested approach, and all-in-one lending platform put us in a unique position to capitalize on these market shifts.”
