alternative lenders

JPMorgan has originated a $500m senior loan to help build the mixed-use development One Beverly Hills.

CBRE IM and Hillwood will use the funding for Phase 1 of speedway conversion into a 6.6 million-square-foot industrial complex.

The optimism comes as the commercial real estate debt markets gear up for an estimated $930bn of refinancing.

As banks seek to address commercial real estate exposure, alternative lenders are stepping in to acquire or help restructure loans.

Today’s market requires a lot of creativity because a lot of solutions that sponsors are looking for on assets that have capital needs are not necessarily available.

The firm is not planning to join the ranks of investors who are seeking short-term lending solutions.

The firm expects rates to stay higher for longer, bringing more creative financing opportunities over the next 18 months and beyond.

The Chicago manager is looking to expand its single-family rental portfolio with a second $250m investment in the specialist platform.

The firm has hired Jay Dunn from RFR Realty to head up capital raising and debt capital markets as it looks to execute on a heavy multifamily and residential pipeline.  

New vehicle is the firm's first commingled fund for its global commercial real estate credit business.