Samantha Rowan
The firm believes secular changes in consumer behavior that are driving the US and industrial logistics markets are a strong opportunity.
The firm has closed a pair of loans that fit this profile, with a growing pipeline.
The company anticipates lending volume of about $1.5bn in 2021.
The debt fund manager has originated about $2.5bn of new loans so far this year.
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.