Samantha Rowan
The firm is the first African American- and women-owned lender to obtain a DUS designation.
Corebridge Financial funded the loan, with The Baupost Group providing additional equity.
The manager launched its credit business in 2018 as part of a plan to scale its overall real estate platform.
The reasons behind the drop are easy to understand: a combination of lower transaction volume, higher interest rates and the steepest inflation in 40 years.
Torose Capital targets value-added office, retail and mixed-use following firm launch.
Shoreham Capital focuses on multifamily, single family resi and build-to-rent for its housing portfolio.
Red Oak Capital, Pensam and Tower Capital are among the managers rolling out or expanding customizable programs.
The value-add investor is targeting more rehab projects for potential acquisitions.
Crescit Capital Strategies' chief executive talks to Real Estate Capital USA about the state of the lending market going into 2023 – and its silver lining for some managers.
More commercial real estate borrowers are taking a different tack in trying to manage rising interest rates, looking at the potential for assuming seasoned, in-place debt as an alternative to obtaining new financing when making acquisitions.