Axar Capital Management LP, an investment firm focused on the corporate middle market, and Morning Calm Management LLC, a real estate management firm focused on special situation investing, have launched Morning Axe Management, a real estate lending platform formed to offer capital services by originating senior loans and mezzanine loans in commercial real estate nationwide.

The company will invest and manage capital on behalf of life companies and other institutional investors. Morning Axe will set up headquarter operations in Des Moines, Iowa with future origination teams across the country. The MAM platform launches with access to approximately $250 million of capital via a separately managed account. MAM has also engaged Raymond James to support additional institutional fundraising.

“The combination of Morning Calm and Axar Capital bring complementary skill sets, a long history of successful partnerships and significant infrastructure that will allow MAM to efficiently scale and diversify our portfolio of investments,” states T.J. Heither, head of national originations.