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The consortium of borrowers includes German institutional investors, developer SHVO and Deutsche Finance America.
The firm says scalability and sustainability are essential factors when it comes to underwriting where data is key.
Tishman Speyer purchased 422 Fulton Street, a Brooklyn mixed-use property housing a Macy’s department store, in 2015.
The Chicago-based manager has so far raised more than $185m for the fund, which will target subordinated debt positions.
The New York-based multifamily-focused manager will expand its lending via partnerships with other lenders and government-sponsored entities.
Commercial real estate valuations are under pressure and delinquencies are rising, but most bank management teams have maintained conservative underwriting metrics.
PERE Credit tracked 115 new commercial real estate loans totaling $14.96bn in May and June.
Trimont is using traditional and new methods to help lenders and borrowers re-align their portfolios, says Christina Brodeur.
Lenders are increasingly extending loans – but only if there is a real path forward.
Good candidates are those who can think past the end of the term of a loan.