Real estate investment lenders Boston-based Endeavor and Capital Trust of Boston have merged to form a new company, Endeavor Capital.

Endeavor Capital will fund private commercial real estate loans, according to a statement.

"We are excited about bringing together the strengths of our companies after several years of participating together in funding numerous special situation loan transactions under extraordinary economic conditions," said Anthony Borghi, Endeavor president. "The synthesized loan underwriting infrastructure that [Capital Trust of Boston has] developed with their employees over the past 15 years is unparalleled and I look forward to working with them to continue building upon an already successful business model."

"Developers and investors of all kinds have been stopped dead in their tracks by banks over the last several years due to the economy," said Chris Anderson, Capital Trust of Boston founding partner. "Endeavor Capital provides the financing required to push deals across the goal line and ultimately allows investors to execute their business plans; although we are lenders and not equity participants, we believe that our years of experience provide our clients with unparalleled expertise."