Sectors

Crestline Management recently closed its $625m European Capital Solutions Fund II, eyeing Spanish residential development.

The global alternative credit manager made the hire to increase its commercial real estate credit business.

North America dominated both funds closed and funds in market.

The Lending Barometer found that about 51.3%, or $70.3bn, of loans tracked year-to-date were comprised of refinancings.

The Canadian firm’s Prashant Raj and Derek Richter explain why Europe’s real estate private credit market is a match for pension fund capital.

The commercial real estate lending market is emerging from a period of uncertainty into one of renewed opportunity, says SitusAMC’s Anne Jablonski. The winning lenders will be those who know how best to leverage expertise.

New York-based Mavik funded a $12m preferred equity loan for the acquisition of a suburban Minneapolis industrial property.

The firm also saw European origination volumes rise, according to Charlie Rose, global head of credit.

Private real estate credit managers seeking to diversify their investments in alternative sectors are primed for more in the industrial sub-category.

The deal comes amid an uptick in financing for continuation vehicles for real estate private equity managers seeking to extend the lives of funds.