The firm entered the Chicago market this year, originating a $117m loan for LendLease and Super Aware.
The firm has just closed a $7.25m senior bridge loan on a San Francisco property.
The lender is financing LendLease and Aware Super’s development on a downtown apartment tower.
Berkadia, which arranged the financing, wants to carve out a niche in the sector.
The BlackRock vehicle is the only passively managed dedicated CMBS ETF.
The investment will help to drive product development.
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 pricing of the US manager’s latest debt facility is tied to performance measures, including its success in making its portfolio company boards more diverse.
The city's rapidly expanding suburbs merit new development after a banner year of activity, the company believes.
The Toronto-based alternative asset manager will now expand its product offerings stateside following the take-private transaction.