Saluda Grade completed the acquisition of Hillcrest.

Saluda Grade, an alternative investment firm specializing in asset-based finance with a focus on residential real estate, completed the acquisition of Hillcrest, a minority- and women-owned investment firm with expertise in commercial real estate. Financial terms were not disclosed. "This is a natural progression of the strong relationship we have built with Hillcrest over the past year. We are thrilled to add Hillcrest’s team to expand our ability to access attractive opportunities within asset classes across the entire US real estate landscape," Ryan Craft, Saluda Grade Founder and CEO.