Key Takeaways
- • Caldera Real Estate Ventures announced the closing of a $150 million senior construction loan for its long-term client Brevet Capital Management, a leading alternative credit, specialty finance, and asset-backed finance platform.
- • Banco Inbursa, a major Mexican financial institution headquartered in Mexico City with construction and refinance lending across major US cities, is the lender on the facility.
- • The financing supports a 36-story residential tower and a neighboring one-story commercial building at Wharton Piers in Philadelphia, delivering approximately 620 market-rate apartments and nearly 30,800 square feet of ground-floor retail space.
- • Caldera acted as strategic advisor throughout the transaction, helping structure and advance the deal through closing.
Summary
Caldera Real Estate Ventures ("Caldera") announced the successful closing of a $150 million senior construction loan for Brevet Capital Management ("Brevet"), a leading alternative credit, specialty finance, and asset-backed finance platform, according to a Business Wire release dated March 9, 2026. The lender is Banco Inbursa ("Inbursa"), a major Mexican financial institution headquartered in Mexico City that is active in construction and refinance lending across major US cities.
The loan will fund the development of a 36-story residential tower alongside a neighboring one-story commercial building at Wharton Piers in Philadelphia. Per the release, the project will deliver approximately 620 market-rate apartments and nearly 30,800 square feet of ground-floor retail space, which the company says will add residential and commercial capacity to the surrounding community.
Caldera served as strategic advisor throughout the transaction, working with Brevet and financing partners to structure and advance the deal to closing. Can (Jon) Tavsanoglu, Founder and Chief Investment Officer of Caldera, said the firm was "proud to have supported Brevet in reaching this important milestone" and emphasized the firm's approach of building long-term partnerships and delivering customized solutions aimed at the best risk-adjusted outcomes.
The release describes the transaction as another collaboration between Caldera and Brevet, reflecting shared focus on disciplined execution and institutional-backed development. Caldera describes itself as an External CIO and Asset Management platform providing advice to global family offices, alternative investment managers, and ultra-high net worth individuals on direct, private markets US real estate, including deal origination, structuring, and capital stack formation.
The loan will fund the development of a 36-story residential tower alongside a neighboring one-story commercial building at Wharton Piers in Philadelphia. Per the release, the project will deliver approximately 620 market-rate apartments and nearly 30,800 square feet of ground-floor retail space, which the company says will add residential and commercial capacity to the surrounding community.
Caldera served as strategic advisor throughout the transaction, working with Brevet and financing partners to structure and advance the deal to closing. Can (Jon) Tavsanoglu, Founder and Chief Investment Officer of Caldera, said the firm was "proud to have supported Brevet in reaching this important milestone" and emphasized the firm's approach of building long-term partnerships and delivering customized solutions aimed at the best risk-adjusted outcomes.
The release describes the transaction as another collaboration between Caldera and Brevet, reflecting shared focus on disciplined execution and institutional-backed development. Caldera describes itself as an External CIO and Asset Management platform providing advice to global family offices, alternative investment managers, and ultra-high net worth individuals on direct, private markets US real estate, including deal origination, structuring, and capital stack formation.
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