David Henry, formerly of Kimco Realty, is teaming up with Orangewood Partners to create Peaceable Street Capital, which will invest in real estate transactions of up to $100m.
The company is aiming to fill a gap created by the withdrawal of more traditional lenders from financing small- and medium-sized deals. It has already financed two deals, one for part of an apartment block and one for a self-storage company.
Henry said the company planned to finance non-typical commercial projects.
