capital markets

The Boston-based manager still sees difficulty lining up debt for most projects. 

New York Life Insurance Company and MetLife Investment Management funded the loan. 

The platform aims to provide senior debt solutions for borrowers focusing on transitional properties in key growth markets.

One-third of the maturing loans were made by CMBS lenders a decade ago; the report also finds transaction volume in February plunged from the previous year.

Blackstone's president and chief operating officer considers real estate debt to be ‘an area of growth' for the firm.

The financing was originated on behalf of Encinitas, California-based manager, Robert Green Company.

Atop its standard strategy, the firm is looking to potentially invest in the rescue capital space later this year. 

Market specialist Malcolm Davies at WAY Capital believes there is a need for more pragmatism and creativity around office conversion projects.

Amid last year’s volatility, the firm took a step back from investing and lending. 

SVP and head of RE strategy Richard Hillsays CMBS market could play a role in ameliorating potential problems.