Debt

The firm has originated $1bn in commercial real estate loans this year.

The funding will be used alongside $148m in financing from Farallon Capital Management to build a pair of film production assets.

The locally based investment management company has already committed that amount to high-quality office properties in the city.

The funding will be used by Maxal Group to build the first phase of a $1bn mixed-use project in Edgewater, which includes a 25-story, 381-unit luxury apartment tower.

Real estate debt investing is evolving to tackle market pressures and challenges, say Kayne Anderson’s Albert Rabil and Lee Levy.

The inefficiencies and idiosyncrasies of the US mid-market encompass pockets of opportunity for private real estate credit, highlights Arrowmark Partners’ Rob Brown.

Debt funds looking to take advantage of the surge in refinancing must be able to lend at attractive rates based on a highly efficient cost structure in an increasingly competitive environment, argues Prospect Capital’s Joseph Ryu.

The funding will be used by Vanbarton Group to acquire and redevelop a Midtown office tower into a 441-unit residential property.