Samantha Rowan

Debt managers see long-term potential in short-term lending.

The manager exercised five one-year extension options on 5 Bryant Park before securing a new loan for the office from King Street and Blue Owl. But it is not alone in extending that many times.

Saluda Grade is stepping into the rated market a little more than a year after the first-ever rated RTL deal was completed.

The financing replaces a $463m maturing commercial mortgage-backed securities loan that matured in June.

The move is expected to have a positive impact on liquidity in the commercial real estate market.

The partners will fund the development of Harper Square, a planned 45-story multifamily development that is close to the city’s Rittenhouse Square submarket.

Post-tariff volatility is changing the way opportunistic capital is allocated.

Commercial real estate private credit managers believe lower rates and declining construction costs will pave the way for housing development.

Prior to joining CIM, Shanley had long tenures at Haven Capital and SL Green Realty Corp.

Bridge Debt Strategies V’s investment plan includes originating first mortgages and buying debt securities.