Electra Real Estate has raised $ 285 million to Fund Housing Files in the Southeastern United States

Electra Real Estate, part of the Elco Group and managed by Gil Roshink, has raised $ 285 million to Fund Housing Files in the Southeastern United States over the past year and a half.
In recent weeks, the company has updated that the debt fund has executed three deals to finance housing clusters in the city of Houston, Texas. One transaction to finance a housing group that includes 211 housing units, by way of an investment of $ 3.1 million at an effective annual interest rate of 12%. In addition, a transaction was made to finance a housing group that includes 324 housing units with an investment of approximately $ 3.6 million at an interest rate of 12%, and another transaction to finance a housing cluster of 552 housing units at $ 7.15 million, at an interest rate of 13.5%. Financing transactions for the purchase of housing clusters in the southeastern United States with a total investment of approximately $ 117.4 million.
Amir Yaniv, VP of Business Development, Electra Real Estate: "Electra America has extensive experience, significant operating and improvement capabilities as well as high accessibility to new transactions, both in the debt and capital area. We continue to improve the managed asset portfolio and work to expand operations, as "The company recently reported in its entry into the field of hotels and detached houses for rent (Single Family)."