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Bridging short-term cash shortages, this option can help borrowers buy time.
The sponsor, Adler Real Estate Partners, will use the five-year, fixed-rate loan to recap a nine-property portfolio.
About 26% of all capital raised during the first nine months of the year was allocated to the sector.
Anuj Gupta, who joined Boise-based commercial real estate lender A10 Capital in October as its new chief executive officer, sees potential for significant growth for the company in 2023.
Property owners face a dilemma. One firm thinks it has a solution.
The Los Angeles-based duo originate fixed- and floating-rate loans of up to $100m on value-added properties.
A subsidiary of the Canada Pension Plan Investment Board committed more than $500m to the fund.
The firm aims to originate around $500m of transitional loans in 2023.
A long-term partnership with Earlsfort Capital Partners has allowed Minneapolis-based Castlelake to expand its lending platform in the UK and Ireland.
The Chicago credit union is seeing an uptick in bridge-to-bridge lending.