Abu Dhabi’s Mubadala invests new capital into US real estate lender

Mubadala Investment Company Boosts US Real Estate Lender 3650 with Fresh Capital

Abu Dhabi’s Mubadala Investment Company has made a strategic investment in 3650, a US-based alternative real estate lender, during the company’s latest funding round. This round also attracted a repeat investment from the California State Teachers’ Retirement System (CalSTRS), bringing the total fresh capital to $215 million.

Although Mubadala’s exact investment size is unknown, the sovereign wealth fund’s official website mentions its participation in a $4 billion collective commitment to the US real estate credit market, alongside 3650 REIT and CalSTRS. The new capital will help 3650 expand its lending capacity, notably for long-term, fixed-rate finance and transitional loans.

In the preceding quarter, 3650 received around $430 million in funding from CalSTRS and Singapore’s Temasek, followed by a $100 million commitment from South Korea’s Public Officials Benefit Association. Currently, 3650 maintains a loan servicing portfolio of approximately $18 billion in commercial real estate loans and securities, establishing it as a major player in the US real estate financing sector.