capital markets

The bulk of capital allocated to real estate private credit strategies over the past five years has ended up in the multifamily sector, according to data from PERE Credit.

Andrew Smith will focus on expanding the Florida manager’s credit platform as it plans fund launch.

Franklin BSP Realty Trust’s Comparato breaks down the transaction, which marks a bright spot for a quiet sector.

The Miami-based national real estate lender also brought on an undisclosed wealth advisory firm in its first commitment of this kind.

The bottom line is that directionally, lenders and borrowers have more confidence in the Federal Reserve’s progress on inflation and a softening economic backdrop.

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.

An expected 25-basis point rate cut at the Federal Reserve’s next meeting will be pivotal as private equity funds seek to deploy dry powder.  

The New York-based investment manager will buy whole loans and performing- and non-performing notes, and provide additional financing through the fund.

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.