alternative lenders

The Chicago-based firm joins a growing list of managers targeting distress.

The private equity manager is taking a minority stake in North Bridge as part of the deal.

Slate’s financing arm has focused on development and construction completion investments year to date.

An expected 25-basis point rate cut at the Federal Reserve’s next meeting will be pivotal as private equity funds seek to deploy dry powder.  

The New York-based investment manager will buy whole loans and performing- and non-performing notes, and provide additional financing through the fund.

Alternative lenders and the commercial mortgage-backed securities market could help plug the gap, per a report released this week. 

The duo extend debt for four years on the office asset amid sector volatility.

The firm is targeting more RIA and family office allocations to continue investment momentum.

While prices and the availability of financing have fallen as interest rates remain high, the industrial sector is on a different trajectory, BKM Capital Partners said in a white paper released this week.

The loan will be used by DECA and Wildcat joint venture to build Perris Gateway.