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The New York-based investment manager will buy whole loans and performing- and non-performing notes, and provide additional financing through the fund.

PERE Credit’s inaugural Borrowing Barometer survey is designed to take the pulse of the US real estate financing market from those that use debt or raise it on behalf of those that use it.

The duo extend debt for four years on the office asset amid sector volatility.

The firm is targeting more RIA and family office allocations to continue investment momentum.

While prices and the availability of financing have fallen as interest rates remain high, the industrial sector is on a different trajectory, BKM Capital Partners said in a white paper released this week.

The industry veteran also joins the company’s board of directors.

The loan will be used by DECA and Wildcat joint venture to build Perris Gateway.

The live-work development’s funding includes a $155.5m C-PACE component.

The pair, veterans of the Los Angeles-based real estate private credit manager, are planning an expansion while maintaining the firm’s core focus and values.

The financing marks the largest C-PACE deal to date in Nevada.