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Bridge loans
Debt managers see long-term potential in short-term lending.
A self-storage specialist is expanding its bridge lending in the asset class at a time when interest in the niche is rising.
Acquisition volumes are starting to pick up, creating opportunities for well-capitalized private lenders. But downside mitigation remains crucial in ‘structurally uncertain’ times, say PIMCO’s Roman Kogan and Seray Incoglu.
As the market begins to recover, bridge financing is giving borrowers the flexibility and time to stabilize assets and execute business plans, says Canyon Partners Real Estate’s Robin Potts and Jacob Feingold.
Private credit allows investors to hedge against equity market volatility, suggests Stormfield Capital’s Wesley Carpenter.
TCG Real Estate’s CEO, Brian Sedrish, discusses how maintaining underwriting discipline and targeting growth markets will be key to navigating the next phase of the real estate cycle.
More than $957bn of loans are slated to mature before year-end, leading a multifamily specialist to shake up the way it lends to fuel refinancings.
The senior housing and multifamily bridge lender originated a $455m refinancing component and a $15m working capital line as part of the deal.
The financing will be used by Namdar Group to fund support construction and leasing for a pair of 43-story multifamily buildings in downtown Miami.
The venture is now expanding its footprint into the industrial and car wash sectors.