The fund will focus on providing gap financing to borrowers in the multifamily sector.
Andrew Smith will focus on expanding the Florida manager’s credit platform as it plans fund launch.
In this podcast, MSCI’s Jim Costello and Northwind’s Ran Eliasaf discuss softer headwinds for the office sector as well as the opportunity to lend on high-quality assets and perform office-to-residential conversion programs.
Timothy Sloan, head of commercial real estate debt at Fortress Investment Group, says the firm sees the strongest long-term outlook for senior loans. But in today’s market, its history as a distressed investor will still be critical.
Lenders are willing to originate office loans, but only for the buyers of a specific profile of workplace.
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 commitment represents a new relationship for the $11bn San Diego retirement system.
The most significant commercial property financing transactions across US debt markets, collected in our data snapshot, updated every Tuesday.