KKR Doubles Down on House Flippers - Investment firm pumps another $250 million into Toorak Capital
Updated June 12, 2019 3:22 pm ET
KKR & Co. is raising its bet on fixer-uppers.
The investment house known for corporate takeovers has agreed to pump another $250 million into Toorak Capital Partners LLC, which buys short-term loans made to real-estate investors who purchase, renovate and resell residential properties.
KKR already has $250 million invested in New Jersey-based...