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The Miami-based national real estate lender also brought on an undisclosed wealth advisory firm in its first commitment of this kind.
The Federal Reserve’s decision to cut interest rates by 50 basis points is not expected to have a significant impact on commercial real estate lending and borrowing.
The private equity manager is taking a minority stake in North Bridge as part of the deal.
Alternative lenders and the commercial mortgage-backed securities market could help plug the gap, per a report released this week.
The firm is targeting more RIA and family office allocations to continue investment momentum.
The pair, veterans of the Los Angeles-based real estate private credit manager, are planning an expansion while maintaining the firm’s core focus and values.
The hire is part of a global push to expand its commercial real estate credit platform.
Honolulu-based manager makes key hires to deepen the firm’s focus on destination hotels and resorts in the US.
Real estate equity in the US and Asia helped to drive the firm’s Q2 deployment in real assets to the highest level in over two years.
The report, penned by senior executives Ralph Rosenberg, Billy Butcher and Racim Allouini, underscores how low interest rates are no longer the anchor for valuating commercial real estate assets.