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Monday Properties and Pacific Elm Properties this week also lined up financing for high-quality office assets.
Partners is targeting $500m of initial investments with the door open for more capital commitments to Trinity on the table.
A narrative is emerging for high-quality offices that sit between behemoths like New York’s One Vanderbilt and commodity properties.
Jesse Hom will join the firm in June as it looks to expand its real estate presence amid bank lending pullback.
The JLL-arranged deal will retire existing debt for Navigation Capital Partners ahead of sales efforts.
The Slate Property Group lending arm has ramped up construction completion lending with increased demand for development capital.
Default risk in the multifamily sector is growing, catching out some managers and their investors – while creating opportunities for others.
Co-CIO Rich Kleinman says more niche categories are entering the mainstream with prior portfolio staples such as office investments in value limbo.
The multifamily sector continues to be a favored place for lenders and investors, buoyed by the supply-demand fundamentals.
The firm originated the loan on behalf of The Dinerstein Companies, a relationship borrower.