LOS ANGELES, June 20, 2017 /PRNewswire/ -- Pender Capital, a leading national provider of short-term, senior secured commercial bridge loans, announced today that Pender Capital Asset Based Lending Fund I, LP ranked seventh in BarclayHedge's Fixed Income - Asset-Backed Loan category* for March 2017.
"We are proud to be recognized by BarclayHedge for our fund's performance," said Cory Johnson, co-founder and managing director of Pender Capital. "Our year-to-date return for the fund is 2.38 percent, which represents a strong yield that is in line with our expectations for the first quarter of 2017."
The Pender Capital Asset Based Lending Fund I, LP is designed to provide a risk-adjusted, steady current income, diversified commercial loan portfolio for investors seeking safety, security and reliable cash flow.
BarclayHedge is an alternative investment database that offers performance rankings each month on 47 hedge fund categories, including fund of funds. For additional information, visit www.barclayhedge.com.
*Funds with assets greater than $10 million as of month-end March 2017 are included in the category.
About Pender Capital
Pender Capital is a leading nationwide provider of short-term, senior secured commercial bridge financing loans to commercial real estate investment managers. The company's investment philosophy is simple: offer capital solutions to borrowers investing in or owning properties with equity protection, while providing investors risk-adjusted returns. Pender Capital is owned and operated by a team of seasoned commercial real estate professionals who have a combined 72 years cultivating relationships within the sector and $3.5 billion of direct investment experience. The company's senior management team has personally repositioned more than $100 million of distressed real estate assets and independently own in excess of 400 income-producing units. For more information, visit www.pendercapital.com.
Contact: Jill Swartz, firstname.lastname@example.org, 949-427-5172x701
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SOURCE Pender Capital