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The Tokyo-based multinational bank provided the loan for a 25-asset industrial portfolio.
The Paris-based bank is seeking to increase financing options for alternative lenders.
It is taking longer for deals to get done – and market participants do not expect that to change anytime soon.
Joseph Fingerman, a former executive at Signature Bank, will lead the business.
Toby Cobb, co-founder and managing partner, also sees a herd mentality emerging around five-year, floating-rate loans.
The manager will be looking to originate its own loans, pursue securitized deals and acquire loans from traditional lenders as part of its real estate debt roadmap.
The Paris-based manager’s global head of research and strategy believes it will be difficult to predict timing on a potential recovery, however.
The former Affinius Capital head of credit capital markets will focus on private credit product expansion.
A growing number of commercial real estate managers have launched or expanded their lending platforms over the past three to six months.
A narrative is emerging for high-quality offices that sit between behemoths like New York’s One Vanderbilt and commodity properties.