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The women-led firm focuses on ground-up, multifamily projects in the Sunbelt region.
The alternative lender has hired John Omori from Bank of Hope to spearhead the initiative, which will focus on smaller, local builders in the multifamily sector.
The 569-unit project adds to development momentum fueled by private credit lenders.
Six insurance firms allocated $525m to finance energy efficiency and sustainability projects.
Joint venture between Canyon Partners Real Estate, Charney and Tavros contributes $64.4bn of equity to fund the deal.
The Dallas-based manager’s latest whitepaper highlights the banking pullback and the perception of the US office sector as areas in need of a deeper dive.
The 30-story office tower at 55 Broad Street will be redeveloped into a 571-unit luxury apartment building.
Lotus, a New York-based advisory, arranged the loan on behalf of Monroe Capital and Witkoff Group.
Prior to the acquisition, PacWest sold several commercial real estate loan portfolios and saw the departure of its property team.
New York manager originated $160m and $59m loans for multifamily properties in Jersey City.