With a new deal in the due diligence phase that will exceed the capital available for investment, the Wien & Malkin Strategic Capital program will launch its fifth limited partnership this fall.

Wien & Malkin Strategic Capital V, L.P., will have an initial target of $20.1 million, but the size of the program will likely be larger, reports Ned H. Cohen, Executive Vice President of Wien & Malkin Securities Corp.

"We currently have about $3 million in uninvested funds from SC IV, and we're in late-stage evaluation of an investment of several times that amount," says Mr. Cohen. "If that deal is consummated, we would commit the remainder of the SC IV capital to it and co-invest funds available in SC III from a prior redeemed investment with new funds from SC V.

The pending investment involves the acquisition of a mezzanine loan coming out of the confusion and market re-pricing resulting from ratings changes on securitized debt and the sub-prime debacle. If completed, the investment is projected to meet the stringent deal quality and return requirements of the Strategic Capital partnerships, Mr. Cohen says.

Accreditation Required

He reminds investors that in order to participate in a Wien & Malkin offering, one must be an accredited Wien & Malkin investor before the offering becomes effective. To become an accredited investor, please visit the "Investing With Us" section at www.wienmalkin.com to complete an Accredited Investor Suitability Form. Or contact us by phone or mail.

The Strategic Capital program, now in its seventh year, offers subordinate capital for real estate entrepreneurs who have special funding needs. The program has consistently provided Wien & Malkin investors with attractive current distributions.