banks

Speaking at the Federal Reserve’s annual 2024 Jackson Hole conference, chairman Jerome Powell delivered the news that the US central bank could cut rates at its September meeting.

With the transaction, Trimont will manage a total of $640bn of loans in the US, or about 11% of the US commercial real estate lending market.

The Boca Raton-based manager has hired Ian Russell from Singerman Real Estate as part of the initiative. 

Willy Walker, chairman and chief executive of Bethesda-based Walker & Dunlop, sees signs of a market recovery.

The Chicago-based manager has so far raised more than $185m for the fund, which will target subordinated debt positions. 

Higher interest rates and construction costs are making development more expensive, according to Coraly Rodriguez, partner.

The Miami investment manager has a $1.2bn pipeline of lending deals on which it will execute over the next two years.

Institutional investors are at or near their allocations to commercial real estate, which is also having an impact on capital raising. 

The firm incorporates the potential for natural disasters, like flooding or hailstorms, into its investment calculus as it seeks to invest. 

Real estate debt specialists say the partnering of lender types is a means of necessity rather than innovation.