Samantha Rowan
The firm has ambitious plans for its multifamily portfolio.
Owners L&L Holding Corp and Columbia Property Trust obtained the loan in July as part of a plan to reimagine the former railroad terminal as a modern office and retail property.
The bank is allocating the bulk of its capital to opportunities in the sector.
The evolution of ground leases could be the biggest innovation for commercial real estate finance since commercial mortgage-backed securities.
Torchlight Debt Fund VII is the largest US real estate debt fund to be closed this year.
The US commercial real estate debt markets are awash with capital, which has helped to head off distress. But the long-term impact of this liquidity is still up in the air.
In the magazine: Distressed debt - liquidity has kept it at bay, but investors are dusting off their playbooks; KKR’s Salem talks lending expansion; Five things to know about underwriting office loans; Plus much more…
KKR's Matt Salem on how the firm is diving deeper into the US lending and growing its retail base.
The firm made an $89m preferred equity investment in a $534m portfolio.
The firm recently formed a programmatic joint venture with Ivanhoé Cambridge for middle market preferred equity deals.