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New York manager originated $160m and $59m loans for multifamily properties in Jersey City.
New York City industrial development agency tax incentives rounded out the financing on East End Studios campus.
Over the past two weeks, Northcap, Calmwater Capital and Benefit Street Partners have each launched or closed real estate credit funds.
Bank capital requirement changes and shrinking balance sheets are opening doors in multifamily, industrial and construction.
Although venture capital funding into the sector has dropped, the firm sees investment opportunities.
More sponsors are considering financing insured by the Department of Housing and Urban Development to move ahead with or refinance projects.
The firm originated a $57m cash-neutral refinancing loan earlier this month for a Charlotte apartment property.
The Florida-based private equity manager is looking to pick up market share left in bank lenders' absence.
Former PacWest division will focus on non-recourse bridge and construction financing following move.
Dallas manager finding better debt opportunities compared to equity deals at present.