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Commercial real estate debt funds in North America raise $2.97bn in Q1 2023, showing resilience amid shifting market conditions.
The deal is the largest year-to-date construction loan originated in the US.
Rafters paddle down a river.
Goldman Sachs, US Bank, Franklin BSP executives anticipate more stress and higher debt costs.
Puzzle bridge victory win
The strategy will originate bridge loans on behalf of domestic and international institutional investors.
Real Estate Capital USA presents the 2023 edition of its Debt Fund 40 ranking.
Methodology for our ranking of the top capital raisers in US commercial real estate debt.
Alternative lenders are expecting to increase their market share as regional banks pull back.
The ranking’s biggest lenders were PGIM and KKR, lending a combined total of $74.2bn between 2018 and 2022.
Lending strategy - Getty Images
This is the Washington-based company’s first ever credit-focused investment vehicle.
High quality 3d rendering of a sandstone 'BANK' sign breaking up with cracks
Debt funds and alternative lenders step into the space left by banks, Real Estate Capital USA data shows.
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