Anna-Marie Beal
The funding will be used by Keystone Group for two assets, one of which will be converted for residential use.
The investment manager recently took control of the management contract of an undisclosed non-traded REIT.
The Dallas-based firm is striving to boost its bridge lending activity in the second half of this year.
The investment management company recruited John Lippman from NYL Investors ahead of a growth push.
The Los Angeles-based real estate private equity firm sees potential hires and acquisitions as it seeks to grow its platform.
The borrower, New York-based hotel specialist Cipriani, will use the facility to grow its luxury hotel development platform.
A niche is emerging for alternative lenders – financing New York’s growing pipeline of office-to-residential conversions.
Mesa West Capital recently funded a $134m loan to refinance debt on the new student housing complex.
The Connecticut Retirement Plans alone made $200 million of commitments targeting subordinate debt through mid-May.
Blackstone raised the most during the period, hitting their target of $8 billion.