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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 firm is using this strategy as a yield play to mitigate against its bigger bets in the office and retail space.

Recent financing for ground-up developments include a $750m loan funded by Otera Capital for the first phase of Tishman Speyer’s Harvard University Enterprise Research Campus.

Pension funds have committed $935bn to managers in the first half of this year.

The Los Angeles-based manager raised an aggregate $500m for its funds targeting the strategy in the second quarter of 2023.

Basis Investment Group's Tammy Jones says commercial mortgage back securities offer a chance for higher yields in a risk-off environment, but the opportunity is transitory.

Lotus, a New York-based advisory, arranged the loan on behalf of Monroe Capital and Witkoff Group.

Distress is rising, but there are three important things servicers, lenders and borrowers need to keep front of mind.

Balloon loans originated 10 years ago on small and mid-market properties are facing near-term maturity dates.

The Charlotte, North Carolina manager is looking at internal value creation – especially for assets like office.