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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.
The US multifamily markets are largely seeing strong demand indicators, but disrupted commercial real estate capital markets are complicating the situation.
Risk mitigation remains top concern amid lower-leverage dealmaking environment.