Blackstone Credit & Insurance (BXCI) has entered a $1 billion forward-flow origination partnership with Laguna Hills, CA-based Harvest Commercial Capital, LLC, a specialized small-business lender focused on loans secured by first-lien mortgages on owner-occupied commercial real estate. As part of the agreement, BXCI has purchased an initial portfolio of loans and established a program to acquire additional SBA 504 and non-SBA conventional loans on an ongoing basis.
Through the partnership, BXCI will provide permanent capital to Harvest, supporting expanded access to financing for small businesses across the U.S. āWe are excited to expand our asset-based credit platform by partnering with Harvest to bring much-needed financing solutions to many small businesses, secured by their real estate assets,ā said Aneek Mamik and Nick Menzies, Senior Managing Directors at BXCI.
BXCIās Infrastructure and Asset-Based Credit group manages over $100 billion in assets, with exposure across investment-grade and non-investment-grade credit as well as structured investments tied to key sectors such as commercial finance, infrastructure, consumer credit, and residential lending.
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