Samantha Rowan
The US federal programme, which expired in July, had helped to funnel international capital into commercial property financing deals in the country.
L&L Holding Company and Columbia Property Trust lined up $1.25bn of construction financing for their redevelopment of New York’s historic Terminal Warehouse from a blue-chip consortium.
The multifamily-focused vehicle, which had a $300m target, originates bridge loans, mezzanine debt and preferred equity on high-quality US properties.