Anna-Marie Beal
US investors will adopt more debt and opportunistic strategies this year, says the firm’s January Investor Intentions Survey.
A group of lenders, including Blackstone and Vici Properties, are providing the financing.
The firm also believes CMBS delinquencies could rise to top 4%.
The firm aims to originate around $500m of transitional loans in 2023.
A long-term partnership with Earlsfort Capital Partners has allowed Minneapolis-based Castlelake to expand its lending platform in the UK and Ireland.
Negative leverage is permeating the US commercial real estate debt market, with lenders and borrowers getting used to a new underwriting calculus.
The financing was arranged on behalf of Royal Palm Companies, with a loan term of 36 months.
Robin Potts, co-head of real estate investments at Canyon Partners, talks with Real Estate Capital USA about navigating a period of historic volatility.
The financing was provided by Enhanced Capital, a New York-based impact investor.
Preferred equity investments are gaining momentum in a market where equity investors are looking for lower risk.