EOS
Credit Partners will be led by Christopher Jordan, who joined the firm after
more than 30 years at Wells Fargo.
NEW YORK
CITY — New York City-based EOS Investors has held a first close of
approximately $150 million in commitments on its inaugural hotel credit
strategy. The strategy will focus on senior whole loans, mezzanine financing
and structured debt opportunities in the hospitality sector.
EOS Credit
Partners is led by Christopher Jordan, a real estate banking veteran who joined
the firm after more than 30 years at Wells Fargo, where he served in a number
of senior and executive management roles, most recently as executive vice
president and group head of Hospitality Finance and Specialty Real Estate
Finance.
Both Jordan
and EOS founder and chairman Jonathan Wang spoke with Hotel Investment Today in
January for a video interview at the America’s Lodging Investment Summit (ALIS)
event in Los Angeles.
Wang said
the firm first began looking at the opportunity in 2022, when interest rates
started rising.
“We looked
around and said, ‘Gosh, the risk return of credit actually feels a lot better
than the risk return of equity,’ which is why we've been so slow to invest on
the equity side. But we also acknowledged that we didn't have the expertise
in-house to do this on our own,” he said.
So in early
2025, Wang and Jordan started discussing possibilities that Wang said, “could
actually create something special and really fill a void in the industry.”
Jordan said
the “ecosystem shift” in commercial real estate credit created this
opportunity.
“The
traditional participants and those who have dominated lending historically have
clearly pulled back. We think that's a structural thing, not a temporary thing.
So we saw the opportunity to fill the void left by some of those traditional
lenders,” he said.
Jordan said
EOS Credit Strategy will fill a unique void with its skill sets around equity
investing and operations, as well as the new credit platform.
“Not many
firms have all three of those capabilities. If you can combine those three, it
gives you a lot of competitive advantages,” he said. “There's a lot of
synergies. We're very excited about being a value-add partner to the industry.
We really think we're going to be a great financing partner for many of our
peers and many of the people I formally worked with.”
Click below for the full video interview with Wang and Jordan.
EOS Investors Jonathan Wang, Christopher Jordan
While at
Wells Fargo, Jordan launched the firm’s hospitality finance unit in 2009 and
scaled the business into one of the largest lodging and leisure balance sheet
lending platforms in the U.S. He subsequently led the expansion of the platform
into a multi-sector, specialty real estate lending business.
EOS has been active in the lodging sector since
its founding in 2017 and owns a diversified hotel equity portfolio and operates
nearly 60 hotels through EOS Hospitality, which collectively generates
approximately $800 million in gross annual property-level revenue.