borrowers

Andrew Allen was appointed global chief investment officer at the London-based manager following Kiran Patel’s retirement last month.

The manager has acquired performing loans from the German bank in a landmark transaction.

The refinancing came as a package of senior loan and mezzanine debt.

The loan comes as lenders see a niche to provide financing to help sponsors complete projects.

The Tokyo-based multinational bank provided the loan for a 25-asset industrial portfolio. 

It is taking longer for deals to get done – and market participants do not expect that to change anytime soon. 

Joseph Fingerman, a former executive at Signature Bank, will lead the business.

In her departing interview, the outgoing president and chief executive officer of CDPQ’s real estate business talks about leaving the job, her next role and her ‘natural’ successor.

The Paris-based manager’s global head of research and strategy believes it will be difficult to predict timing on a potential recovery, however.

Monday Properties and Pacific Elm Properties this week also lined up financing for high-quality office assets.