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The New York-based manager will make investments in disrupted commercial real estate capital stacks.

The commercial real estate market is operating against a backdrop in which higher interest rates have caused widespread declines in real estate values – and higher loan-to-value ratios.

The firm is responding to a pullback from bank lenders, chairman and chief executive Barry Sternlicht said on Starwood Property Trust’s Q4 earnings call.

The New York-based manager is expected to close $300m in loans over the next 30 days as debt funding gaps and needs persist.

Freddie Mac provides $335m of funding alongside investments from CPP and Harbor Group.

Florida-based manager looks to elevate $750 million fund to capitalize on private lending opportunities.

The Toronto-based manager is looking at the city on a long-term basis.

The attainable housing specialist is seeing a push toward asset management.

The Boston-based manager sees opportunities to move up in the quality spectrum in terms of both assets and partners.

The loan on One Market Plaza, a San Franciso office tower, was one of the largest CMBS loans slated to mature in 2024.