Samantha Rowan
The Los Angeles-based manager believes the properties had substantial long-term potential and wanted to align the debt on the assets with that vision.
Dallas manager finding better debt opportunities compared to equity deals at present.
The firm is also looking to tap into growing interest in real estate credit from private wealth channels.
Taconic provided a mezzanine loan on the class A property.
Berkadia has tracked an interest in investors willing to view and have conversations on potential deals.
The manager is the latest to target accredited investors via a credit-focused strategy.
Head of originations says larger ticket loans on deck for Los Angeles debt manager.
The firm is targeting preferred equity and mezzanine debt deals of $2m to $10m.
The firm is seeking to line up patient individual and institutional capital to target small balance loans on transitional assets.
Commercial real estate sponsors and lenders are looking at the language around transitioning derivatives contracts tied to the benchmark.