Arixa and Oaktree expand JV as pipeline reaches “highest level”

Private real estate lender Arixa Capital and global asset manager Oaktree Capital Management have expanded their joint venture to include senior secured loans backed by residential real estate.

The joint venture launched in August 2023, with an initial $100m (£79.2m) commitment, to address growing demand for real estate financing following a market pullback by banks and private lenders.

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Jason Keller, head of residential investments for Oaktree’s real estate group, said Arixa Capital had proven to be a trusted partner over the past year, strategically deploying capital, maintaining strong credit quality, and delivering attractive returns.

“We are excited to expand our commitment to this joint venture and support the growth of Arixa’s lending program,” Keller said.

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Seth Davis, managing director of Arixa, added that the company’s pipeline is at its “highest level to date”.

“With the support of Oaktree, Arixa can expand its capacity to serve highly experienced and financially sound clients who are seeking reliable alternatives to the regional and community banking sector,” he explained.

At the end of March, Arixa surpassed $4bn in cumulative loan originations and serviced over $1.2bn of loans.