debt

The New York-based manager has made more than $150m in preferred equity investments over the past five months.

While debt funds have stepped in to fill the void to a certain extent as banks have scaled back, these lenders are also seeing a negative impact of a higher for longer interest rate outlook.

Mark Roberts, head of research for Crow Holdings Capital, looks at the metrics of the multifamily sector to potentially provide insight on the Federal Reserve’s next moves. 

The alternative management arm’s largest-ever fundraise arrives at a critical time for private credit and bank lenders in the real estate market.

Rebranded from Real Estate Capital USA, we are repositioning to be at the center of a shift toward private credit lenders.

The New York-based sponsor defaulted on a $70m CMBS loan on 25 West 45th Street, a historic office building near Grand Central. 

The firm launched Andover Storage Lending this year in response to banks pulling back from their lending activity. 

John Jacobs has been slated to take on senior portfolio manager responsibilities from Steve Bailey, who is retiring at year’s end.

The private credit markets are changing rapidly. Here’s what to look for next.

The CEO believes real estate private credit could become the biggest part of the Toronto-based manager’s global property business.