capital markets

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

The Miami-based alternative lender anticipates a rise in distressed transactions – but in a way that is very different than in past cycles.  

JPMorgan Chase structured the transaction via Freddie Mac’s Multifamily Q series. 

The New York-based investment manager earlier this year completed two significant acquisitions, said Marc Zahr, co-president and head of real estate.  

The firm is stepping into areas that were once more prominently the domain of banks. 

The firm has consistently been seeing $1bn-$2bn of new loans coming through every month. 

A group of lenders including Wells Fargo Bank, Bank of America and Deutsche Bank is providing a $620m acquisition commercial mortgage-backed securities loan.

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

An oversupply of industrial space built during the covid-19 pandemic is presenting opportunities for redeveloping larger spaces into smaller suites. 

H1 saw a mere $4.5bn of new commitments made to commercial real estate private credit strategies.