construction

The Toronto-based manager has formed a partnership with Declaration Partners to fund preferred equity investments. 

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

The firm, the debt financing arm of Slate Property Group, will target loans of more than $50m.

The ongoing banking pullback is the building blocks for this activity, said Alan Purser, global head of capital formation. 

The Paris-based bank is seeking to increase financing options for alternative lenders.

The Slate Property Group lending arm has ramped up construction completion lending with increased demand for development capital.

Slate Property Group in March originated a roughly $60m loan to reignite a stalled multifamily development in the Astoria neighborhood of Queens, New York.

Berkadia arranged two of the financings, which will increase the Arkansas-based lender’s presence across South Florida.

The industrial sector is poised for the greatest amount of disruption of any commercial real estate sector as the need for modern logistics properties rises, says CBRE IM's Mary Lang.

The financing is notable given the paucity of capital allocated to the office sector as well as a decline in construction lending over the past year to 18 months.