lenders

The manager is the latest to target accredited investors via a credit-focused strategy.

Manager will pay a total of $2.07bn for asset-backed loans, and a portion of its unfunded commitments.

The sale comes after PacWest sold another substantial portfolio to Kennedy Wilson earlier this month. 

JLL Capital Markets arranged the $220m loan, of which about $65.8m is comprised of preferred equity. 

The firm detailed in a report its Q2 outlook and long-term view of the commercial real market’s return focus.

The Federal Deposit Investment Corp seized the bank and sold control of it to JPMorgan on May 1.

One-third of the maturing loans were made by CMBS lenders a decade ago; the report also finds transaction volume in February plunged from the previous year.

The New York company also sees a longer road to recovery for the city's CRE market.

The loan servicing firm is understood to have appointed Investec to market it to prospective buyers.

Paradigm Advisory Group, formed by Raymond Chalme and Daniel Blanco, aims to help lenders and borrowers stabilize the value of New York’s office and residential assets.