Borrowers are tapping into ample liquidity for acquisitions and developments while lenders are being adequately compensated for risk.
The partners have an initial $500m of lending capacity and could see that increase as opportunities arise.
The Denver company sees more liquidity for larger one-off transactions and portfolio deals.
Rental housing and industrial are the firm's top priorities.
The bank wants to work with developers who have a broader vision for community development.
The company is seeing more conventional lenders entering the market.
The investment comes as the firm is carving out a niche in originating preferred equity to finance large-scale portfolio acquisitions.
The firm's model is to bring borrowers directly to lenders for a flat fee.
Hines Securities and iCapital will work with registered investment advisers and other financial professionals.
Banks are finding willing buyers in investors seeking higher-yielding assets.