alternative lenders

The New York-based manager aims to tap into credit opportunities arising outside of the US.

The loan comes as lenders see a niche to provide financing to help sponsors complete projects.

Closings are ticking up as borrowers re-enter the market, but wider activity is still tempered.

West Street Real Estate Credit Partners IV will have more than $7bn of lending capacity.

The Paris-based bank is seeking to increase financing options for alternative lenders.

It is taking longer for deals to get done – and market participants do not expect that to change anytime soon. 

The firm's global head of real estate Ralph Rosenberg raises the question of whether the sector is in for a near-term period of significant defaults.

The manager will be looking to originate its own loans, pursue securitized deals and acquire loans from traditional lenders as part of its real estate debt roadmap.

In her departing interview, the outgoing president and chief executive officer of CDPQ’s real estate business talks about leaving the job, her next role and her ‘natural’ successor.

The Paris-based manager’s global head of research and strategy believes it will be difficult to predict timing on a potential recovery, however.