Miami-headquartered BridgeInvest has raised $670m for BridgeInvest Speciality Fund IV.

The fund will lend to the multifamily, industrial, hospitality, retail, student housing and self-storage sectors.

With ticket sizes of $25m to $150m.

BridgeInvest Speciality Fund III was launched in 2020 at $270m.

BridgeInvest’s loans include:

• a $34m financing to the Birch Group for a 147-unit multi-family housing property acquisition in New Jersey
• a $38m finanncing to Cerberus and Stonemont to develop industrial facilities in New York, California and Nevada.