Randy Plavajka
The private equity manager is taking a minority stake in North Bridge as part of the deal.
Slate’s financing arm has focused on development and construction completion investments year to date.
The duo extend debt for four years on the office asset amid sector volatility.
The firm is targeting more RIA and family office allocations to continue investment momentum.
The loan will be used by DECA and Wildcat joint venture to build Perris Gateway.
The live-work development’s funding includes a $155.5m C-PACE component.
The financing for Zeckendorf, Atlas and Baupost will fund the construction of the luxury 80 Clarkson development.
The California manager funded loans across New York, Washington, DC, Florida and Arizona through July and August.
Honolulu-based manager makes key hires to deepen the firm’s focus on destination hotels and resorts in the US.
The need for income means real estate private credit is becoming an indispensable allocation for investors.