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The manager is the latest to target accredited investors via a credit-focused strategy.
Head of originations says larger ticket loans on deck for Los Angeles debt manager.
The firm is targeting preferred equity and mezzanine debt deals of $2m to $10m.
Commercial real estate sponsors and lenders are looking at the language around transitioning derivatives contracts tied to the benchmark.
The deal is the largest year-to-date construction loan originated in the US.
A key driver of activity in the multifamily sector is support from Fannie Mae and Freddie Mac for stabilized and pre-stabilized assets.
Goldman Sachs, US Bank, Franklin BSP executives anticipate more stress and higher debt costs.
The New York-based agency saw a loss severity of 48.4% in 2022, versus a loss severity of 56% in 2021.
-80x80.jpg "Cain strikes deal to acquire $1.2bn New York-area loan portfolio from PacWest")
The sale comes after PacWest sold another substantial portfolio to Kennedy Wilson earlier this month.
Carlos Slim’s Banco Inbursa funded the senior mortgage.