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The manager reckons the current market dynamic is resulting in two key trends – one is acquiring loans directly from Fannie Mae.
The ongoing banking pullback is the building blocks for this activity, said Alan Purser, global head of capital formation.
Mitigants include a relationship approach to banking and exposure in well-known markets, said Joseph Scott, senior managing director at KBRA.
The New York-based alternative investment manager picks up more real estate debt and equity capabilities as part of $450m deal.
Goldman Sachs’ newly originated loan on the retail component of 680 Madison Avenue in New York demonstrates the changing opportunity set for the sector.
The firm’s credit platform manages whole loans, Freddie Mac products, preferred equity investments and mezzanine loans.
The firm sees the need to educate its investor base about the opportunities in real estate debt.
The firm hired Needham Point Capital co-founders Jeremy Burton and Tristine Lim to lead Blue Light Credit.
Robert Neighoff, a portfolio manager at Mariner Investment Group, is tracking opportunity in new issue conduit and SASB paper.
The New York-based manager aims to tap into credit opportunities arising outside of the US.