debt funds

The fund has a meaningful allocation to alternative sectors, Jon Lindell, executive vice-president, tells PERE Credit.

The differential between the 10-year Treasury yield and SOFR have made shorter-term loans a more palatable option for borrowers. 

The fund is the largest the firms have raised since kicking off the partnership. 

Dhaval Parikh previously ran the Los Angeles-based manager’s real estate debt platform capital raising efforts.

Chicago-based manager was part of the capital stack for the construction financing on The Edison, a 378-unit, mass timber luxury apartment building in Milwaukee. 

The financing for Fisher Brothers includes $108m of C-PACE capital.

The benchmark 10-year Treasury needs to be reliably in a range of 4-4.5% for transaction activity to resume.

But the implementation of Basel III regulations and sponsors that are increasingly comfortable with non-bank lenders will help keep the playing field level.

The New York-based REIT receives capital commitment from an undisclosed Canadian institutional investor.

Empira's investment strategies include European residential, US residential, transition-to-green and real estate credit.