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Demand for C-PACE financing is set to increase as US cities introduce stricter environmental rules for real estate.
The London-based manager is targeting US commercial real estate debt originations via a partnership with Quadrant Real Estate Advisors.
Related Companies and Blackstone are among reported bidders for the failed bank’s commercial and multifamily lending portfolios.
As commercial real estate sponsors increasingly turn to short-term loans for near-term maturities, they are looking for lenders that can be a partner in today’s volatile market, say Aaron Krawitz and Aidan Birnbaum of Bravo Capital.
The firm provided $100m of equity and preferred equity to the mixed-use project, a new-model deal in which each component includes minority- and women-led representation.
Nominations close at midnight on Friday November 17 2023 for Real Estate Capital USA’s third annual awards and a shortlist will be announced on Monday, December 4.
The concern is that when rate cuts finally happen, the magnitude of these cuts could be lower than expected.
Continued lack of liquidity in banking system leaves private credit lenders to fill financing gaps.
The New York developer sees banks and debt funds originating construction loans on deals which have strong theses.
Lack of money center banks is creating more space for private credit lenders with multifamily, industrial and construction lending.