Multifamily Housing

The Miami-based national real estate lender also brought on an undisclosed wealth advisory firm in its first commitment of this kind.

The Chicago-based firm joins a growing list of managers targeting distress.

Slate’s financing arm has focused on development and construction completion investments year to date.

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

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

The firm is stepping into areas that were once more prominently the domain of banks.

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

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

Higher interest rates and construction costs are making development more expensive, according to Coraly Rodriguez, partner.

The firm has consistently been seeing $1bn-$2bn of new loans coming through every month.