Anna-Marie Beal
The New York-based manager aims to tap into credit opportunities arising outside of the US.
The data-driven manager deployed the capital via its Origin Strategic Credit Fund.
The fund from the Irvine, California-based manager comes at a time when lenders are rolling out more focused strategies.
Joseph Fingerman, a former executive at Signature Bank, will lead the business.
Toby Cobb, co-founder and managing partner, also sees a herd mentality emerging around five-year, floating-rate loans.
The Irvine, California-based manager will acquire properties on an all-cash basis before lining up debt when interest rates normalize.
More C-PACE records are being set as sponsors seek lower-cost capital for construction and retrofit projects.
Leverage helped to fuel acquisitions, refinancings and returns over the past cycle. Now, lenders and borrowers are working to adapt to a new reality.
The structural shifts in the market are changing the way capital is deployed into different property types and locations.
The women-led firm focuses on ground-up, multifamily projects in the Sunbelt region.