debt

PGIM Real Estate wants to further scale its lending platform. But the firm does not want to be all things to all borrowers.

The metrics of underwriting an apartment property have changed substantially since the start of the covid-19 pandemic.

The firm has closed about $100m of new loans since opening its doors in May and all of them have been bridge financings.

The firm, the debt financing arm of Slate Property Group, will target loans of more than $50m.

The credit manager is looking to build out a new portfolio in the space to complement its primary value-add strategy.

The firm believes the best way to alleviate the housing shortage is to fund best-in-class developers.

There will be several chapters to the story of the office sector's next recovery, says global chief investment officer David Steinbach.

The Santa Monica, California-based company received a commitment from London-based investment manager Triple Point that will allow it to significantly scale its business. 

The financing, which comprises a construction loan and C-PACE financing, will be used to develop the second phase of a mixed-use project in Darien, Connecticut. 

Amit Rustgi, who joins from PIMCO, will focus on credit opportunities across sectors.