alternative lenders

The firm expects rates to stay higher for longer, bringing more creative financing opportunities over the next 18 months and beyond.

The Chicago manager is looking to expand its single-family rental portfolio with a second $250m investment in the specialist platform.

The firm has hired Jay Dunn from RFR Realty to head up capital raising and debt capital markets as it looks to execute on a heavy multifamily and residential pipeline.  

New vehicle is the firm's first commingled fund for its global commercial real estate credit business.

The lack of the 421a abatement in New York City is not stopping the Spruce Capital lending arm from pursuing more creative redevelopment opportunities. 

Approximately 83% of logistics properties were constructed prior to 2000, the firm found. 

The New York-based manager will make investments in disrupted commercial real estate capital stacks.

The commercial real estate market is operating against a backdrop in which higher interest rates have caused widespread declines in real estate values – and higher loan-to-value ratios.

The firm is responding to a pullback from bank lenders, chairman and chief executive Barry Sternlicht said on Starwood Property Trust’s Q4 earnings call.

The New York-based manager is expected to close $300m in loans over the next 30 days as debt funding gaps and needs persist.