alternative lenders

The 10-year Treasury last week hit its highest level since April, rising to 4.7 percent on January 8.

Dhaval Parikh previously ran the Los Angeles-based manager’s real estate debt platform capital raising efforts.

Chicago-based manager was part of the capital stack for the construction financing on The Edison, a 378-unit, mass timber luxury apartment building in Milwaukee. 

Industry veteran Brad Cohen will be integral for risk management and identifying growth opportunities. 

The financing for Fisher Brothers includes $108m of C-PACE capital.

The investment manager rearranged the capital stack and secured a debt infusion on five multifamily properties in the Sun Belt region.

The benchmark 10-year Treasury needs to be reliably in a range of 4-4.5% for transaction activity to resume.

The JLL-brokered deal for Genesis Marina is backed by a JV between Phase 3 Real Estate Partners and Bain Capital Real Estate.

Terra will use the permanent financing for the first phase of its Centro City development.

But the implementation of Basel III regulations and sponsors that are increasingly comfortable with non-bank lenders will help keep the playing field level.