debt

The firm hired Needham Point Capital co-founders Jeremy Burton and Tristine Lim to lead Blue Light Credit.

The firm is delving into the role public and private strategies play in institutional investor portfolios.  

The financing replaces an $85m acquisition loan originated in 2022 on an ultra-luxury condominium development in the Miami area.

Although originations are substantially below pre-pandemic levels, the market could be nearing a bottom.

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.