Blue Light Capital Announces Launch of Blue Light Credit with Key Hires

Blue Light Capital, a commercial real estate investment firm founded by Michael Tepedino, has announced the launch of Blue Light Credit with the addition of Needham Point Capital’s Jeremy Burton and Tristine Lim. This new venture aims to address the growing void in the middle-market commercial real estate lending market as $2 trillion in debt matures over the next three years.

Burton will join as a partner and head of originations, while Lim will lead as head of credit and underwriting. Additionally, Greg Manocherian from RoeCo Holdings LLC has also joined as a partner, bringing over three decades of real estate experience to the team.

Blue Light Credit will focus on originating bridge loans for transitional and core assets, as well as acquiring distressed notes ranging from $15 million to $75 million across all asset classes nationwide. The company aims to target $300 to $500 million in transactional volume in the coming year.

“We are pleased to welcome Jeremy and Tristine, who have 36 years of collective experience originating and acquiring commercial real estate loans,” said Tepedino. “Blue Light will provide critical liquidity to a host of different real estate sectors at a time when fewer lenders are active in middle-market financing.”

With the addition of Burton, Lim, and Manocherian, Blue Light Credit aims to fill the current liquidity gap in the marketplace by combining long-term origination and credit capabilities with a deep understanding of the ownership side of the business. This strategic move positions the firm to be a key player in the commercial real estate lending market.