The firm has seen its pipeline in this area grow steadily for the past six months, says Larry Grantham, managing principal.
There is a bifurcation in the performance of five- and 10-year conduit loans, according to data from Trepp.
The Chicago-based manager has so far raised more than $185m for the fund, which will target subordinated debt positions.
The New York-based private credit manager believes the long-term destruction of value will present lending and recapitalization opportunities.
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.