debt

Indraneel Karlekar returns to the New York manager, where he previously headed research during his days with affiliate ING.

Taconic Development Advisors is also starting to see more opportunities to work with lenders and investors seeking advisory services early on when looking at troubled loans.

Michael Berman will shift from chief executive to executive adviser, as M&T taps Michael Edelman as his successor.

The new company will originate first mortgages, mezzanine debt and preferred equity investments.

The banking giant's CFO said the firm ‘made substantial progress’ in selling down its commercial real estate balance sheet portfolio in 2023.

CIO Wes Fuller says the firm will put a greater focus on strategic partners and growing its investor base.

Reven Office REIT will originate first mortgages, mezzanine debt and preferred equity investments.

The $308m loan is expected to be sold for a 50% discount.

London-based manager to expand platform via a joint venture with Quadrant Real Estate Advisors.

The financings come at a time when few lenders have been funding construction loans.