United States

The sponsors will use the loan to refinance maturing debt.

With the hiring of Drew Fung, the Iowa-based manager is stepping up its ambitions in private real estate credit.

The fund will deploy flexible capital across a broad swath of real estate and real estate-related opportunities.

A record US office CMBS special servicing rate suggests an increasingly proactive refinancing and workout environment.

Stockdale Capital Partners is targeting $300m in loan originations over the next 12 months after launching its inaugural real estate credit platform.

Private capital is cementing its structural role in real estate credit, but with capital shifting toward multifamily and data centers and rate uncertainty persisting, lenders say underwriting discipline, not rate calls, is what sets the winners apart.

Retail investors may be reducing their private market exposure for now, but many real estate debt professionals are optimistic they can tap retail cash through semi-liquid fund structures over the longer term.

Data centers are big business and require big finance, writes JC Russell.

Against an ever-changing macroeconomic environment, lenders have to be prepared for opportunities and challenges that arise. That means constantly evolving a strategy that is structured to be successful throughout an entire economic cycle.