News & Analysis

The manager is seeing opportunity at a time when most lenders and investors are staying on the sidelines.

The bridge loan was arranged by Gortikov Capital and will be used by AMCAL to recapitalize a Woodland Hills, California, property.

The New York-based sponsor defaulted on a $70m CMBS loan on 25 West 45th Street, a historic office building near Grand Central.

The firm launched Andover Storage Lending this year in response to banks pulling back from their lending activity.

John Jacobs has been slated to take on senior portfolio manager responsibilities from Steve Bailey, who is retiring at year’s end.

Andrew Allen was appointed global chief investment officer at the London-based manager following Kiran Patel’s retirement last month.

The manager has acquired performing loans from the German bank in a landmark transaction.

The refinancing came as a package of senior loan and mezzanine debt.

The Tampa-based owner-operator raised more than $1bn for Sun Belt-focused multifamily investments.

The loan will be included in an upcoming commercial mortgage-backed securities deal.