Anna-Marie Beal
The platform aims to provide senior debt solutions for borrowers focusing on transitional properties in key growth markets.
The New York company also sees a longer road to recovery for the city's CRE market.
Paradigm Advisory Group, formed by Raymond Chalme and Daniel Blanco, aims to help lenders and borrowers stabilize the value of New York’s office and residential assets.
The shift comes as borrowers and lenders think creatively about ways to finance transactions in a volatile market.
The financing was originated on behalf of Encinitas, California-based manager, Robert Green Company.
Bridging short-term cash shortages, this option can help borrowers buy time.
Market specialist Malcolm Davies at WAY Capital believes there is a need for more pragmatism and creativity around office conversion projects.
More debt investors are looking at financing office-to-residential conversions.
The firm is moving ahead despite volatility in the global financial markets.
The Boston-based investor and developer launched its credit platform late 2022.