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Alternative lenders
The Los Angeles-based bridge lender will now also target first mortgages and mezzanine debt.
Debt providers including Hudson Realty Capital, ACRES Capital, Archway Capital and M360 Advisors have expanded, or are looking at ways to grow, their product offerings.
The firm has closed multifamily credit funds totalling more than $3.3bn this year.
The real assets business of the $9trn manager is targeting junior lending opportunities in Western European markets.
The US federal programme, which expired in July, had helped to funnel international capital into commercial property financing deals in the country.
The UK property investor and developer is entering the lending market at what Lorna Brown, its head of capital markets, considers an opportune time.
The German property finance boutique says potential club deals between its two credit funds will enable it to provide higher debt volumes per transaction.
The manager’s head of real estate debt investment research argues several factors are drawing investors to the asset class.
Following an €88m financing in the Netherlands, the US manager’s real estate finance director says the country’s office sector is no longer blighted by oversupply.
The Frankfurt-based manager says more caution among banks during the pandemic has created opportunities for subordinated lenders.