The loan – for a Wilmington bank headquarters – carries a term of 10 years and was originated on behalf of local manager Buccini/Pollin.
Four senior executive hires mark new strategy emphasis across real estate sectors.
The firm’s investors like US multifamily so much they’re willing to live with current disruptions.
The $500m strategy will focus on bridge opps across most sectors and market sizes.
The firm’s quarterly momentum index also shows CLO issuance was up $6.3bn in Q1 2022 compared with the same period last year.
The Timbercreek North American Mortgage Fund will go long on short-term deals.
Monroe, which began investing in real estate in earnest about three years ago, plans to hire two more sector-focused professionals by the end of the year.
Kayne Anderson’s $1.8 billion debt fund close, KKR Real Estate’s $234 million real estate debt investments, MSCI highlights income stream risks, Fitch Ratings sees CMBS delinquencies dive; and more in today’s Term Sheet – exclusively for our valued subscribers.
CEO Al Rabil says a heavier tilt toward direct origination will be a priority during its deployment.
While the firm uses outside data sources in addition to its own portfolio, being able to look at its assets has helped to manage risks.