WAY Wednesday | August 20, 2025
Capital Provider of the Week
Pearlmark Real Estate, LLC, founded in 1996 and headquartered in Chicago with offices in Los Angeles and New York, is a seasoned middle-market commercial real estate investment firm focused on both equity and debt structures. With an experienced senior leadership averaging nearly 30 years in the industry, Pearlmark brings together a collaborative team of investment, capital markets, asset management, and fund accounting professionals to deliver superior, risk-adjusted returns. The firm maintains a disciplined, value-add approach—underpinned by integrity, alignment of interest (their principals invest alongside clients), and proactive risk management—and is committed to operational excellence, sustainability, and community engagement. Pearlmark’s hands-on, client-centric execution and deep private real estate and debt expertise make them a trusted and strategic partner to the WAY Capital team.
Capital Types: Senior Debt, Sub-Debt, JV Equity
Financing Types: Bridge, Construction, Cash Flow; Fixed or Floating
Asset Classes: Healthcare, Industrial, Multifamily, Student Housing, Medical Office, Retail, Mixed-Use
Geographic Focus: Nationwide
WAY Back Wednesday…
In October 2024, WAY Capital closed a $35 million senior bridge loan for Moderne at Roosevelt, a 185-unit build-to-rent community in Phoenix, AZ.
At closing, horizontal development was complete, vertical construction was well underway, and pre-leasing had commenced. The bridge loan provided both the capital and runway needed to complete construction and support the project through stabilization.
Developed by Moderne Communities in partnership with Argosy Real Estate Partners, the property features single-story rental homes with private yards, smart home technology, and a full suite of amenities, including a pool, clubhouse, and pickleball courts.
This financing underscores the strong institutional demand for build-to-rent housing as a resilient and scalable asset class.
