The manager launched its credit business in 2018 as part of a plan to scale its overall real estate platform.
The bank has added a new platform, hiring a JPMorgan veteran as team co-leader.
The financing is one of the final deals of 2022 for Square Mile, a New York-based investment manager.
The reasons behind the drop are easy to understand: a combination of lower transaction volume, higher interest rates and the steepest inflation in 40 years.
The firm's head of real estate debt portfolio management says that sidelined banks are shifting the paradigm for active lenders.
Executives from Goldman, Blackstone, GIC, Starwood and Mack Real Estate discussed the next wave of sector opportunities at a recent NYU panel.
A four-bank syndicate arranged the loan for an 834-unit Brooklyn development.
Torose Capital targets value-added office, retail and mixed-use following firm launch.
The hotel management company closed the deal in the last days of 2022.
Red Oak Capital, Pensam and Tower Capital are among the managers rolling out or expanding customizable programs.