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The loan comes as lenders see a niche to provide financing to help sponsors complete projects.
West Street Real Estate Credit Partners IV will have more than $7bn of lending capacity.
The Tokyo-based multinational bank provided the loan for a 25-asset industrial portfolio.
The Paris-based bank is seeking to increase financing options for alternative lenders.
It is taking longer for deals to get done – and market participants do not expect that to change anytime soon.
Joseph Fingerman, a former executive at Signature Bank, will lead the business.
The firm's global head of real estate Ralph Rosenberg raises the question of whether the sector is in for a near-term period of significant defaults.
In her departing interview, the outgoing president and chief executive officer of CDPQ’s real estate business talks about leaving the job, her next role and her ‘natural’ successor.
The Paris-based manager’s global head of research and strategy believes it will be difficult to predict timing on a potential recovery, however.
The former Affinius Capital head of credit capital markets will focus on private credit product expansion.