Regions

Alternative lenders are backing the city’s luxury condo boom.

The manager is targeting growth opportunities amid CMBS market dislocation.

The funding will be used to refinance the Ritz-Carlton Dallas following renovation work.

Puente Hills Mall, a roughly 56-acre mall in the City of Industry, California which is best known as a filming location in Hollywood blockbuster Back to the Future, is set to undergo a major redevelopment.

In a newly published white paper, the New York-based advisory company cites the costs of scaling lending platforms, the impact of more complex capital structures, and a rise in specially serviced loans.

CPP Investments was second, with $1.24bn allocated.

Andrew Smith will focus on expanding the Florida manager’s credit platform as it plans fund launch.

The firm is seeking to develop, raise and deploy credit-geared strategies.

Franklin BSP Realty Trust’s Comparato breaks down the transaction, which marks a bright spot for a quiet sector.

The funding will be used as part of an $180m deal to buy a 1,326-unit portfolio in New York City.