SC Lowy, an alternative asset manager specializing in private credit, has closed a US$250 million financing for a luxury residential apartment development in Seoul’s Gangnam district.

The transaction represents a landmark short-term bridge financing deal in one of Asia’s most sought-after residential markets.

The firm contributed US$150 million from its managed funds and syndicated the remaining capital across 22 leading South Korean institutional investors.

According to SC Lowy, the deal underscores the strength of its local partnerships and its proven ability to structure and distribute complex, large-scale transactions in the region.

“This transaction is a testament to both the depth of Korea’s institutional market and the confidence our partners place in our structuring and syndication capabilities,” says SC Lowy co-founder and chief investment officer Soo Cheon Lee.

Meanwhile, the firm is raising funds for its third Asia-Pacific private credit vintage, which it says is on track to exceed the US$500 million target by the end of the year.