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Smith Hill Capital, ECI Group and InterVest said Monday they had launched a $250-million private lending platform for multifamily owners. These solutions will include first mortgages, mezzanine loans and preferred equity investments for refinancing, new construction and acquisitions. Target loan amounts are expected to range between $15 million and $100 million. 

Peter Rotchford, Brett Rosenberg and Clayton Ross of JLL Capital Markets advised ECI and Smith Hill on arranging the lending platform. The platform will initially target deals in the Southeast U.S. and Texas but, as the strategy grows, expand to additional regions within the U.S.