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Bridge lenders are adapting private credit strategies to bridge to the next cycle.
A Mavik Capital bridge loan helped to restart construction on a stalled apartment project.
As banks are pulling back, debt funds are helping sponsors bridge the gap to the next cycle.
The firm anticipates another capital closing before year-end and then a final close late in the first quarter.
The New York-based investment manager originated the financing for an affiliate of Raven Capital Management.
Mott Haven multifamily development Rendering of a property in the Bronx on which SCALE originated a $150 loan in April.
The firm, the debt financing arm of Slate Property Group, will target loans of more than $50m.
The firm’s credit platform manages whole loans, Freddie Mac products, preferred equity investments and mezzanine loans.
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