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Andrew Allen was appointed global chief investment officer at the London-based manager following Kiran Patel’s retirement last month.
The manager has acquired performing loans from the German bank in a landmark transaction.
The refinancing came as a package of senior loan and mezzanine debt.
The Tampa-based owner-operator raised more than $1bn for Sun Belt-focused multifamily investments.
The loan comes as lenders see a niche to provide financing to help sponsors complete projects.
West Street Real Estate Credit Partners IV will have more than $7bn of lending capacity.
The Tokyo-based multinational bank provided the loan for a 25-asset industrial portfolio.
The Paris-based bank is seeking to increase financing options for alternative lenders.
It is taking longer for deals to get done – and market participants do not expect that to change anytime soon.
Joseph Fingerman, a former executive at Signature Bank, will lead the business.