Eightfold Real Estate Capital® focuses on investments in below-investment-grade commercial mortgage backed securities (“CMBS”) in the new issue and secondary markets and other commercial real estate debt and equity opportunities. Eightfold purchases distressed commercial real estate loans and loan pools, invests in B notes, mezzanine loans and preferred equity positions backed by commercial real estate assets and purchases properties in need of redevelopment or repositioning. Eightfold’s management team has vast experience in all facets of commercial real estate enabling investments across all property types and geographic locations. Eightfold also has the capital and expertise to structure creative recapitalization solutions. Eightfold’s investment process begins with a disciplined approach to deal selection, focusing on negotiated transactions where it can leverage its skill set and relationships. Eightfold partners with local real estate firms with a particular expertise and track record investing in a specific property type in a geographic region. These operating partners co-invest and work with Eightfold to jointly develop a unique business plan that will create value in the asset.
Pref/Mezz equity |
JV partnership |
Debt |
Value-add |
Opportunistic |
Ms. Baek is a principal of Eightfold Real Estate Capital. She has more than 28 years of experience in capital markets specializing in mortgage-backed securities, both residential and commercial. Prior to joining Eightfold, Ms. Baek served for 8 years as a Managing Director at Barclays Capital, where she ran the Real Estate Capital Markets Group. Her group was responsible for originating, structuring, distributing, and securitizing commercial real estate backed loans. During her tenure at Barclays, some of the notable deals closed included the financing of the tallest office building in Latin America; the first inclusion of a non-U.S. loan in a REMIC transaction; the financing of a Manhattan trophy office building with a total capitalization over $1.8 billion structured as a first mortgage, mezzanine debt, and subordinate mezzanine debt, which was the largest single property financing at that time; and a securitization of land loans.
Mr. Cherry is a principal and co-founder of Eightfold Real Estate Capital. He has more than 28 years of real estate financing and structuring experience. Prior to forming Eightfold, Mr. Cherry served for 16 years as an executive with LNR Property, most recently as Chief Investment Officer (CIO), a position he held for eight years. As CIO, Mr. Cherry was responsible for establishing domestic investment strategy for real estate debt products and approving the purchase of more than $4.8 billion of subordinated CMBS, as well as $1.4 billion of B-Notes and mezzanine debt for LNR and the Archetype Real Estate Debt Fund, a real estate debt fund managed by LNR. Earlier in his career at the company, he served as a Vice President with LNR and Lennar, responsible for sourcing and evaluating CMBS, B-Notes, and distressed debt; repo and structured financings collateralized by these debt products; and third-party joint venture partners.
Mr. Golinsky is a principal and co-founder of Eightfold Real Estate Capital. He has more than 39 years of diverse real estate experience including investing, development, property operations, finance, asset management, and loan restructuring. Prior to forming Eightfold, Mr. Golinsky was employed by LNR Partners, the Real Estate Finance and Servicing Group of LNR Property. Most recently, he served as Division President, where his primary responsibilities involved oversight of the day-to-day operations of 280 associates engaged in special servicing, as well as participation in the Division’s debt and securities investment activities. Prior to becoming Division President, Mr. Golinsky served as Director of Loan Asset Management, responsible for resolving both lender consents and defaulted loans.