Home Alternative lenders
alternative lenders
The firm, the debt financing arm of Slate Property Group, will target loans of more than $50m.
The credit manager is looking to build out a new portfolio in the space to complement its primary value-add strategy.
The ongoing banking pullback is the building blocks for this activity, said Alan Purser, global head of capital formation.
The New York-based alternative investment manager picks up more real estate debt and equity capabilities as part of $450m deal.
The firm believes the best way to alleviate the housing shortage is to fund best-in-class developers.
There will be several chapters to the story of the office sector's next recovery, says global chief investment officer David Steinbach.
The Santa Monica, California-based company received a commitment from London-based investment manager Triple Point that will allow it to significantly scale its business.
The fund has seeded a just-launched private debt strategy from an industry veteran.
When there is a dearth of capital for a sector, that could signal a time to look at the asset class more closely, said Peter Gordon, head of US commercial real estate debt.
The financing, which comprises a construction loan and C-PACE financing, will be used to develop the second phase of a mixed-use project in Darien, Connecticut.