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Bridge loans
The floating-rate loan will allow the sponsor to complete lease up.
The fresh round of financing will see Flow and Yellowstone Trust added as majority owners of the Brickell-area mega-development formerly spearheaded by Chetrit Group.
In this episode of The PERE Podcast, Limekiln Real Estate's Scott Waynebern and Berkshire's Jon Pfeil talk about bridge lending and CRE CLOs with PERE Credit editor Samantha Rowan.
The Dallas-based firm is striving to boost its bridge lending activity in the second half of this year.
CIO Steven Fischler says the firm is targeting a first close on April 1 as the firm bolsters its bridge and subordinate lending activity.
Ravi Anand and three other PIMCO alum will establish the Boston-based manager’s real estate credit presence and outline plans for a flagship strategy.
Elevated interest rates and ongoing liquidity pressures are accelerating PIMCO’s bridge lending activity, says Seray Incoglu, executive vice-president, global private commercial real estate.
Rockwood Capital is poised to expand its bridge lending strategy as borrowers seek additional time to execute their business plans, according to Niraj Shah, partner
Bridge lenders are adapting private credit strategies to bridge to the next cycle.
Oaktree sees opportunities in taking advantage of the value reset in commercial real estate, says head of real estate credit Justin Guichard.