Senior Residing Market Veterans Launch Scarp Ridge Funds Partners with $300M Fund

A new agency led by senior living business veterans, Scarp Ridge Money Associates, is launching with a $300 million fund targeting worth-insert, opportunistic and distressed expenditure chances.

“Scarp Ridge will seem to leverage our many decades of investing knowledge and market interactions to be the lover of choice to homeowners, loan companies, sponsors, and developers by attaining, recapitalizing or restructuring bargains to maintain and increase long-term price,” Rick Shamberg, a founder and controlling director of Scarp Ridge, wrote Thursday in an electronic mail announcing the new enterprise.

Though also concentrating on hospitality, the company is targeted mostly on senior housing,

Read more