P
rospect Capital Management L.P. has made a strategic investment in The Frederick, a 193-unit luxury multifamily property in Brooklyn's highly sought-after submarket. This transaction marks the latest move by Prospect's real estate private credit platform to capitalize on high-quality opportunities with top-tier sponsors.

    The Frederick, built in 2018, offers residents an upscale living experience at an attractive price point, thanks to its prime location near Prospect Park and accessibility to multiple MTA lines. "This investment is a testament to our ability to identify and seize opportunities in outperforming submarkets," said Grier Eliasek, President and COO of Prospect Capital Corporation.

    Prospect's real estate credit platform has invested behind a new Freddie Mac senior loan provided by NewPoint Real Estate Capital, demonstrating the firm's commitment to partnering with top-tier sponsors. This transaction follows a $12 million preferred equity investment in The Roadrunner on McDowell, a 356-unit multifamily property in Scottsdale, AZ.

    As a seasoned investment adviser with 37 years of experience, Prospect has established itself as a leader in high-yielding debt and equity investments. With a team of 150 professionals, the firm offers investment solutions across credit, private equity, and real estate, investing in over 32,000 multifamily units worth $3.5 billion.

    Prospect's real estate platform continues to expand its portfolio, with regulatory assets under management totaling $8.3 billion as of December 31, 2024. For more information, visit www.prospectcap.com or call (212) 448-0702.