Home Multifamily
multifamily
The firm is seeking to develop, raise and deploy credit-geared strategies.
Franklin BSP Realty Trust’s Comparato breaks down the transaction, which marks a bright spot for a quiet sector.
The funding will be used as part of an $180m deal to buy a 1,326-unit portfolio in New York City.
The Miami-based national real estate lender also brought on an undisclosed wealth advisory firm in its first commitment of this kind.
The Chicago-based firm joins a growing list of managers targeting distress.
Slate’s financing arm has focused on development and construction completion investments year to date.
The firm is targeting more RIA and family office allocations to continue investment momentum.
The live-work development’s funding includes a $155.5m C-PACE component.
The firm is stepping into areas that were once more prominently the domain of banks.
The California manager funded loans across New York, Washington, DC, Florida and Arizona through July and August.