CRE senior debt funds (broad category)
Lend to other sponsors, get paid 10–13% in first-lien position
Best for: Yield-focused LPs prioritizing downside protection.
Pros
- 10–13% net yields available
- First-lien protection
- Shorter holds (1–3 years)
- Current pay from day one
Watch-outs
- Limited upside
- Underwriting quality varies by fund
Pricing: $25K–$100K minimum