North America

Peakhill forms JV to expand resi-focused gap financing platform

The Toronto-based manager has formed a partnership with Declaration Partners to fund preferred equity investments.

Sabal keeps sights on opportunistic, niche sectors to expand US debt portfolio

The California manager funded loans across New York, Washington, DC, Florida and Arizona through July and August.

Trimont strikes deal for Wells Fargo’s non-agency servicing business

With the transaction, Trimont will manage a total of $640bn of loans in the US, or about 11% of the US commercial real estate lending market.

EQT Exeter taps New York Life, State Farm to finance core industrial play

The insurers financed two warehouse buys by the manager’s non-traded REIT.

Morning Calm launches $500m real estate credit vehicle

The Boca Raton-based manager has hired Ian Russell from Singerman Real Estate as part of the initiative.

W&D’s Walker: The recovery starts now

Willy Walker, chairman and chief executive of Bethesda-based Walker & Dunlop, sees signs of a market recovery.

Calmwater sees rise in NPL financing opportunities

The firm has seen its pipeline in this area grow steadily for the past six months, says Larry Grantham, managing principal.

Higher delinquencies seen for five-year vintage CMBS loans

There is a bifurcation in the performance of five- and 10-year conduit loans, according to data from Trepp.

Arena’s Zwirn lays out real estate credit opportunity set 

The New York-based private credit manager believes the long-term destruction of value will present lending and recapitalization opportunities.