alternative lenders

The New York-based banking giant has been working to actively reduce its balance-sheet exposure to the sector since the start of the year.

Continued lack of liquidity in banking system leaves private credit lenders to fill financing gaps.

The acquisitions are part of the firm’s focus on workforce housing. 

Specialist lenders are gearing up for distress in various ways, such as creating short-term structured credit platforms to originate mezzanine debt or preferred equity.

McRoberts’s retirement triggers three appointments to oversee the $45bn agency servicing portfolio.

Over the long-term, the firm hopes to have half of its portfolio in the US and other developed markets.

The Newport Beach-based manager has closed its second property credit fund on $3bn, more than double the size of its predecessor.

The manager expects high interest rates and lower deal volumes to restrict broader CLO market comeback.

The transaction market remains stymied by a wide gap between buyers and sellers.

Northmarq has arranged and facilitated recapitalizations for four assets across the state over the course of a week.