Samantha Rowan
Commercial real estate lenders are being guided by a principle that is more fraught than a fear of missing out – they are afraid of making a mistake.
The need for income means real estate private credit is becoming an indispensable allocation for investors.
Lenders are increasingly extending loans – but only if there is a real path forward.
Everyone agrees the office sector is under pressure, but no one agrees on where valuation is.
The metrics of underwriting an apartment property have changed substantially since the start of the covid-19 pandemic.
The firm has closed about $100m of new loans since opening its doors in May and all of them have been bridge financings.
The firm, the debt financing arm of Slate Property Group, will target loans of more than $50m.
Bain Capital and TPG Angelo Gordon also have made strategic investments in private credit shops over the past month.
Lee Levy, senior managing director and head of debt, joins the firm from Goldman Sachs.
The firm believes the best way to alleviate the housing shortage is to fund best-in-class developers.