Randy Plavajka
The manager expects high interest rates and lower deal volumes to restrict broader CLO market comeback.
Northmarq has arranged and facilitated recapitalizations for four assets across the state over the course of a week.
Two-loan package for GCP will fund acquisitions in high-demand Inland Empire market.
Bank sale mirrors similar moves by Capital One and Pacific Western Bank to add liquidity amid market stress.
Alere to use funding to recap assets across Los Angeles, Orange County and the Inland Empire.
Lack of money center banks is creating more space for private credit lenders with multifamily, industrial and construction lending.
Agency outlined parameters for prospective buyers across 14 pools of $33.2bn loan book.
Cathy Marcus and Raimondo Amabile will become co-CEOs of the New Jersey-based manager in October.
The firm is launching the deal at a time when segments of the retail sector are showing signs of resilience.
-80x80.jpg "Fortress acquires $1bn office loan portfolio from Capital One")
Private credit manager picks up substantial exposure to New York City offices in the deal.