Samantha Rowan
The firm expects to close one or two more deals before year end.
As institutional allocations to real estate have grown, Hodes Weill is seeing more focus on the underlying credit risk in some of the strategies being marketed to investors.
The loan on Pinder Point represents an opportunity that is slightly off the run and larger than many industrial financings the firm has seen.
The partnership will allow the Los Angeles-based lender to expand its lending and fundraising platforms.
A return to work could lead to a new lease on life for these properties.
The mortgage REIT is building out full-service lending platform.
Torchlight, Berkshire Residential Investments and Rialto Capital all saw major fund closes during the period.
The Brava, a 46-story multifamily building under construction in the city's central business district, is expected to come to market in 2022.
The firm will retain servicing rights on the financing, which is part of a $108m financing package.
The New York-based real estate private equity fund manager has had an active fourth quarter, completing more than $1.2bn of loans across 31 deals.