Endeavor has merged with Capital Trust of Boston and its founding partners Kurt Stenhouse and Chris Anderson.
The newly created company, Endeavor Capital, is now Greater Boston’s largest provider of alternative real estate financing and anticipates closed transactions to quickly exceed USD100m.
“We are excited about bringing together the strengths of our companies after several years of participating together in funding numerous special situation loan transactions under extraordinary economic conditions,” says Anthony Borghi, president of Endeavor. “The synthesised loan underwriting infrastructure that Kurt and Chris have developed with their employees over the past 15 years is unparalleled and I look forward to working with them to continue building upon an already successful business model.”
Endeavor Capital is primarily a short term, real estate bridge lender, which funds private commercial real estate loans. Endeavor Capital can typically commit to close a special situation transaction within 72 hours, since the loan is entirely based on the strength of the subject collateral versus the financial condition of the borrower.
“Developers and investors of all kinds have been stopped dead in their tracks by banks over the last several years due to the economy,” says Anderson. “Endeavor Capital provides the financing required to push deals across the goal line and ultimately allows investors to execute their business plans; although we are lenders and not equity participants, we believe that our years of experience provide our clients with unparalleled expertise.”
