Home Debt
debt
The California manager funded loans across New York, Washington, DC, Florida and Arizona through July and August.
The Boca Raton-based manager has hired Ian Russell from Singerman Real Estate as part of the initiative.
Willy Walker, chairman and chief executive of Bethesda-based Walker & Dunlop, sees signs of a market recovery.
The Chicago-based manager has so far raised more than $185m for the fund, which will target subordinated debt positions.
The New York-based private credit manager believes the long-term destruction of value will present lending and recapitalization opportunities.
Higher interest rates and construction costs are making development more expensive, according to Coraly Rodriguez, partner.
The Houston-based REIT believes secular shifts are driving momentum around smaller retail assets.
The firm has consistently been seeing $1bn-$2bn of new loans coming through every month.
A group of lenders including Wells Fargo Bank, Bank of America and Deutsche Bank is providing a $620m acquisition commercial mortgage-backed securities loan.
The hire is part of a global push to expand its commercial real estate credit platform.