Higher interest rates and construction costs are making development more expensive, according to Coraly Rodriguez, partner.
The firm has consistently been seeing $1bn-$2bn of new loans coming through every month.
A group of lenders including Wells Fargo Bank, Bank of America and Deutsche Bank is providing a $620m acquisition commercial mortgage-backed securities loan.
The hire is part of a global push to expand its commercial real estate credit platform.
The New York-based multifamily-focused manager will expand its lending via partnerships with other lenders and government-sponsored entities.
The Miami investment manager has a $1.2bn pipeline of lending deals on which it will execute over the next two years.
Investors continue to be bullish on commercial mortgage-backed securities deals backed by single properties or portfolios of assets.
Institutional investors are at or near their allocations to commercial real estate, which is also having an impact on capital raising.
The firm incorporates the potential for natural disasters, like flooding or hailstorms, into its investment calculus as it seeks to invest.
Real estate debt specialists say the partnering of lender types is a means of necessity rather than innovation.