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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.
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.